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.

March 8, 2024

Occasional Xs: The futile attempt to recycle MMT (LXXIV)

#MMT #BadScienceBadPolicyBadPeople MMT's foundational #BalancesEquation is provably false, so the whole approach is scientifically w...

Occasional Xs: Clueless economists / Science (LXVIII)

#Economics claims to be #Science but is NOT. The major approaches are mutually contradictory & axiomatically false & materially...

Occasional Xs: Clueless economists / Inflation (XX)

#LearnRealEconomics From the macroeconomic #LawOfSupplyAndDemand ⇓ the intelligent layperson can immediately conclude that #Inflation r...

Occasional Xs: The futile attempt to recycle MMT (LXXIII)

#MMT #BadScienceBadPolicyBadPeople That #Money is created #OutOfNothing and that government cannot run of money is NOT the point. The p...

Occasional Xs: The futile attempt to recycle Hayek (XV)

#Economics #FailedFakeScience #Austrianism Hayek NEVER understood what #Profit is and how the economic #System works. He was NOT a scie...

March 7, 2024

Occasional Xs: How it works (CLXVI)

The US #Economy runs on #Profit . The macroeconomic #ProfitLaw implies that the greater part is produced by #DeficitSpendingMoneyCreati...

Occasional Xs: Clueless economists / Science (LXVII)

#Economics claims to be #Science but is NOT. The history of economic thought is the history of scientific failure. The major approaches...

View web version

Powered by Blogger.