“If history could teach us anything, it would be that private property is inextricably linked with civilization.” (Ludwig von Mises)
— AXEC (@EgmontHandtke) June 16, 2026
'If history could teach us anything, it would be that Austrianism is inextricably linked with political agenda pushing.' (AXEC)
Austrians in…
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.
June 16, 2026
Occasional X: The futile attempt to recycle Austrianism (CX)
Occasional X: The foul spirit of political economics (CCLXXXVI)
“The Liberal party I want defends … (Vincent Geloso)
— AXEC (@EgmontHandtke) June 16, 2026
J.S. Mill was the only scientist among low-IQ economists. He understood the difference between science and politics. ⇓
After J.S. Mill, economics has been taken over by look-alike scientists.
The representative economist… pic.twitter.com/V2fQRy6p1M
Occasional X: The foul spirit of political economics (CCLXXXV)
“From each according to his ability, to each according to his needs — my needs being quite considerable.” (Alex Tabarrok)
— AXEC (@EgmontHandtke) June 16, 2026
The fact that Marx requested financial assistance from Engels does not provide evidence that his economic theory was false. This requires a scientifically… pic.twitter.com/TpQwSc4I91
Occasional X: Clueless economists / Employment (XXXIV)
“What's wrong?” (Shahin Ashkiani)
— AXEC (@EgmontHandtke) June 16, 2026
The representative economist is wrong.
Economics claims to be Science but is NOT. The major approaches and their derivatives are mutually contradictory, axiomatically false, materially/formally inconsistent, and all got profit wrong. Because… pic.twitter.com/wq1AnJkszM
June 15, 2026
Occasional X: The foul spirit of political economics (CCLXXXIV)
“… all models are wrong,…” (Hayashi Heikichi)
— AXEC (@EgmontHandtke) June 15, 2026
No, not all models are wrong; only Walrasian, Keynesian, Marxian, and Austrian models are provably false. AXEC models are axiomatically true. ⇓
The representative economist is NOT, and never has been, a competent scientist but… pic.twitter.com/sIEl45f8Cg
Occasional X: The foul spirit of political economics (CCLXXXIII)
The crucial point with Marx/Socialism/Communism/Capitalism is whether Marx understood how the monetary economy works. This presupposes an understanding of the foundational economic concept of profit. The point is that Marx and Marxians have no idea what profit is. For proof, see… pic.twitter.com/vV6gN6BBee
— AXEC (@EgmontHandtke) June 15, 2026
Occasional X: The foul spirit of political economics (CCLXXXII)
Keynes, too, misunderstood the concept of profit because he was too stupid for elementary algebra. ⇓ Consequently, he botched the long-overdue Paradigm Shift from microfoundations to macrofoundations. This initial blunder means that the entire field of economics (both micro and… pic.twitter.com/Sv8IFnZhVW
— AXEC (@EgmontHandtke) June 15, 2026