#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 17, 2024
“The national debt is something to be celebrated.” (Richard Murphy)
Not for #WeThePeople but only for #WeTheOligarcy.
The #FreeMarketEconomy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw /… pic.twitter.com/KsvhGeYBXR
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 17, 2024
Occasional Xs: How it works (CCXLXXVI)
Occasional Xs: Clueless economists / Phillips Curve (XIV)
#LearnRealEconomics
— E.K-H (@AXECorg) October 17, 2024
Samuelson/Solow messed up the original #PhillipsCurve back in 1960.
NAIRU, wage-led growth, and Samuelson's Dyscalculiahttps://t.co/qDrdo8Hdey
The axiomatically correct macrofounded Phillips Curve 3.0 is shown below ⇓. pic.twitter.com/G4BdwIoi1Z
Occasional Xs: The futile attempt to recycle MMT (CXXI)
#Economics#FailedFakeScience#MMT
— E.K-H (@AXECorg) October 17, 2024
“Could 'Modern Monetary Theory' Save the World?”
No, MMT is brain-dead political agenda-pushing just like mainstream economics.
The #FreeMarketEconomy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw /…
Occasional Xs: The history of economic thought is the history of scientific failure (XXX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 17, 2024
The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally…
Occasional Xs: Clueless economists / Science (CXXIII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 17, 2024
“Is there any field more proudly ignorant of its own history than economics?” (Nils Gilman)
The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and…
October 16, 2024
Occasional Xs: The foul spirit of political economics (XCVII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) October 16, 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/YukaVm7BbC
Occasional Xs: The foul spirit of political economics (XCVI)
“Our democratic institutions matter. ” (Bloomberg)
— E.K-H (@AXECorg) October 16, 2024
The correct term for the U.S. polity is NOT #Democracy but #Oligarchy
The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw / #BalancesEquation…