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.

November 30, 2024

Occasional X: What economists really do (CD)

#Economics #FailedFakeScience “Economics is primarily useful, both to the student and to the political leader, as a prophylactic against ...

Economics is NOT a science of behavior (V)

#Economics #FailedFakeScience “Most of economics can be summarized in four words: 'People respond to incentives.' The rest is com...

Occasional X: How it works (CCCXIII)

“Powell lost $210 billion.” (E Antoni) The U.S. economy runs on #Profit . Macroeconomic profit is given by the axiomatically correct #Pro...

November 29, 2024

Occasional Tweets: How to pay for the war (VI)

“Deutschland braucht mehr finanzielle Ressourcen für die Verteidigung ― noch vor der Wahl. / Germany needs more financial resources for d...

Occasional X: Paradigm Shift (XLIV)

#Economics #FailedFakeScience “I am often asked what I would keep of Neoclassical economics in a new paradigm. My answer is that I would ...

Occasional X: Clueless economists / Science (CXXXI)

#Economics #FailedFakeScience For 200+ years, economics has claimed to be #Science but still is NOT. The major approaches ( #Walrasianis...

November 28, 2024

Occasional X: Clueless economists / Employment (XVI)

#Economics #FailedFakeScience #Employment “If unions raise wage rates in a particular occupation or industry, they necessarily make the a...

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