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.

April 30, 2026

Occasional X: Clueless economists / Price Mechanism (XIV)

“In Capital the general rate of profit governs from the level of the totality. In Kalecki, firms set prices through markup …” (Beyon) Both M...

Occasional X: Clueless economists / Science (CCC)

“Best case they can produce words that sound reasonable, but there is never any substance.” (Per Bylund) This is a spot-on assessment of ...

Occasional X: Clueless economists / Science (CCLXXXIX)

“New at ENTREX: 'How Definitions Matter: It's the Demarcation, Damnit'. (Per Bylund) “It should be obvious that we must define c...

Occasional X: Paradigm Shift (CVIII)

“Mainstream economics newly discovering what Post-Keynesians have been saying for at least 50 years, maybe even longer.” (Oktay Özden, refer...

April 29, 2026

Occasional X: Clueless economists / Science (CCLXXXVIII)

“Always a privilege to attend a talk by Tom Sargent! 'It is very hard to read, it is only in words' and 'You should only read it...

Occasional X: Clueless economists / Science (CCLXXXVII)

“All of Keynes’s arguments ran counter to much of the generally accepted economic wisdom of a free society as understood before the Keynesia...

Occasional X: The futile attempt to recycle MMT (CXCIX)

“The free market economy uses money, which is in fact a public monopoly.” (Megas Alexandros) You understand nothing. To begin with, there ar...

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