“Well, try maximizing that 'aggregate profit' through government … You're just justifying genocide by maximizing a dumb accounting system pursuing numbers that don't make sense.” (Cezary Baginski)
— AXEC (@EgmontHandtke) May 8, 2026
The Profit Law is a specific application of elementary math, i.e., 5=7-2. This is…
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.
May 8, 2026
Occasional X: The foul spirit of political economics (CCXCVII)
Occasional X: The foul spirit of political economics (CCXCVI)
“So if the general public holds increasing cash balances and the money supply is constant, you conclude that business have suffered a loss?” (Bushido)
— AXEC (@EgmontHandtke) May 8, 2026
No.
What I say is: Macroeconomic profit or loss Qm is given by the axiomatically correct Profit Law…
Occasional X: Clueless economists / Science (CCCXI)
“Mathematics brought rigor to Economics. Unfortunately, it also brought mortis. (Kenneth E. Boulding)
— AXEC (@EgmontHandtke) May 8, 2026
As cargo cult scientists, economists copied the dominant math of their time: calculus. They never understood that their specific branch of math is the elementary algebra that… pic.twitter.com/UBx9Q8N3WY
Occasional X: The futile attempt to recycle MMT (CCIII)
“Did you not just recreate MMT’s 'public dept is private net savings' from first principles?” (Doxasryx)
— AXEC (@EgmontHandtke) May 7, 2026
No.
For MMT's full-spectrum refutation, see
Cross-references: MMThttps://t.co/eXlgPKrinA
May 7, 2026
Occasional X: Clueless economists / Science (CCCX)
“Neither was Marx a dye-in-wool economist.Rather he &Engels did division of labour to study diverse sciences,social sciences.His books did create a cyclopean ideology that served ultimate purpose but first brought catastrophic upheavals.” (Chris Ugosky)
— AXEC (@EgmontHandtke) May 7, 2026
Because Marx got the…
Occasional X: Clueless economists / Profit (CXLIX)
“Is monetary profit the same thing to you as (increasing) cash balances?” (Bushido)
— AXEC (@EgmontHandtke) May 7, 2026
Monetary profit is the difference between flows and a change in stock. ⇓ pic.twitter.com/nBXTFtga4a
Occasional X: The foul spirit of political economics (CCXCV)
“Adam Smith used the phrase 'invisible hand' just once in The Wealth of Nations. And yet it became the defining idea of modern economics. ” (Mariana Mazzucato)
— AXEC (@EgmontHandtke) May 7, 2026
Adam Smith was not an original thinker, not a scientist, not an economist; he was a populist moralizer. ⇓ People like… pic.twitter.com/G6UYL5376G