AXEC: New Foundations of Economics

This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.

September 13, 2023

Occasional Xs: Stupid or corrupt? ― for 200+ years, economists get economics wrong (VI)

#FailedFakeScience The #EconNobel is NOT a recognition of genuine scientific merits ― there are none in #Economics ― but a reward for s...

Occasional Xs: Clueless economists / Profit (VI)

#Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The history of economic thought is the history of scientific failure. Ri...

Occasional Xs: What economists really do (II)

#FailedFakeScience #Economics claims to be #Science but is NOT. #Walrasianism , #Keynesianism , #Marxianism , #Austrianism etc. are ax...

Occasional Xs: How it works (XLVIII)

The macroeconomic #EmploymentLaw ↓ tells one how employment L moves with the #FactorCostRatio ρF (avg #WageRate W, #Price P, #Product...

Occasional Xs: How it works (XLVII)

#Inflation #Deficit #Profit #Debt The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & t...

Occasional Xs: Stupid or corrupt? ― for 200+ years, economists get economics wrong (VI)

#Econ #FailedFakeScience #Economics is NOT #Science but #DisInfoTainment . The representative #Economist is NOT a #Scientist but an #...

September 12, 2023

Occasional Xs: How it works (XLVI)

#HowItWorks The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit . #DeficitSpendingMoneyCreation is a #FreeLu...

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