#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 15, 2024
“Have Any of Karl Marx’s Critics Today Actually Read Him?” (Jacobin)
Have any of Karl Marx’s followers realized that his Profit Theory is provably false?
Economics claims to be #Science but is NOT. The major approaches (#Walrasianism,…
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.
October 15, 2024
Occasional Xs: The futile attempt to recycle Marx (XXXIV)
Occasional Xs: Scrap the EconNobel (XXIX)
#Economics#FailedFakeScience#NobelPrize
— E.K-H (@AXECorg) October 15, 2024
Economics claims to be #Science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL… pic.twitter.com/m1d94IufGB
Occasional Xs: Economics still lacks correct macrofoundations (XXX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 15, 2024
“… continue our "RIP" series with a critique of the IS-LM (also known as the Hicks-Hansen) Model.”
IS-LM is proto-scientific garbage and it has already been buried in 2016.
Causa finita: the end of I=S/IS-LMhttps://t.co/jzrdUzGrtW
For more about IS-LM see AXECquery.
Occasional Xs: Scrap the EconNobel (XXVIII)
#Economics#FailedFakeScience#NobelPrize
— E.K-H (@AXECorg) October 15, 2024
Economics claims to be #Science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL… pic.twitter.com/nMcSV1tP1W
October 14, 2024
Occasional Xs: The futile attempt to recycle Keynesianism (LXI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 14, 2024
For 200+ years, economics has claimed to be #Science but still is NOT. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got… pic.twitter.com/jTG7g8pQJD
Occasional Xs: Scrap the EconNobel (XXVII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 14, 2024
'The "Nobel prize" in economic sciences this year goes to Acemoglu/Johnson/Robinson "for studies of how institutions are formed and affect prosperity".'
Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism,… pic.twitter.com/QersQlQpyu
Occasional Xs: Scrap the EconNobel (XXVI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 14, 2024
Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit… pic.twitter.com/RK7OSZWUlU