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.

January 15, 2024

Occasional Xs: Clueless economists / Profit (XXV)

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  #Price #Profit #Deficit The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Prof...

Occasional Xs: Economics ― just disinfotainment and self-hype (XL)

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  #Economics #FailedFakeScience #DisInfoTainment Why are #Economists so keen to communicate their psychological #NanoProblems & their...

Occasional Xs: Clueless economists / Austerity (II)

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  #PublicDebt increases for 200+ yrs. The #ProfitLaw ⇓ implies #PublicDeficitIsPrivateProfit . So, #DeficitSpendingMoneyCreation is a #F...

Occasional Xs: Clueless economists / Profit (XXIV)

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  #Economics #FailedFakeScience The Miller/Upton #TextBook , too, gets macroeconomic #Profit wrong ⇓. To this day‡, economists have produc...

Occasional Xs: Clueless economists / Philosophy (II)

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  #Econ #FailedFakeScience The history of economic thought is the history of scientific failure. Robert Heilbroner called #Economists worl...
January 14, 2024

Occasional Xs: The futile attempt to recycle Marx (XVIII)

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  #Econ #Economics claims to be #Science but is NOT. To this day, the representative #Economist does NOT understand what #Profit is and...
January 12, 2024

Occasional Xs: Clueless economists / Science (XLVIII)

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  #Academia #Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsist...
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