“Der Sachverständigenrat Wirtschaft wurde vom neoliberalen Mahner zum konstruktiven Begleiter. Diesen Kurs muss er trotz des Rausschmisses von Ulrike Malmendier beibehalten … / The German Council of Economic Experts has transformed itself from a neoliberal warning voice to a… pic.twitter.com/5m33CFKHmp
— AXEC (@EgmontHandtke) March 3, 2026
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.
March 3, 2026
Occasional X: Clueless economists / Science (CCLXX)
Occasional X: How it works (CDLX)
“Economists are gradually realizing that the issuance of Treasury bonds is part of monetary policy and not a financing operation.” (?whispers?)
— AXEC (@EgmontHandtke) March 3, 2026
Whispers does not understand profit and, as a logical consequence, how the economic system works. This is self-disqualifying. People… pic.twitter.com/oTXj32kXGR
March 2, 2026
Occasional X: Clueless economists / Science (CCLXIX)
“The Great Depression wasn't capitalism's failure—it was the government's masterpiece of economic destruction, and Murray Rothbard proved it beyond any doubt. (Handre van Heerden)
— AXEC (@EgmontHandtke) March 2, 2026
Murray Rothbard proved nothing because he never had a valid economic theory. Tirelessly waving the… pic.twitter.com/GNRcyhg1T9
Occasional X: Clueless economists / Science (CCLXVIII)
“The AI we have today is already superintelligent. And it's going to revolutionize science.” (Noah Smith)
— AXEC (@EgmontHandtke) March 2, 2026
Neither mainstream nor heterodox economists had any idea what science is all about. They still can't do the Paradigm Shift that will make economics a science; neither can…
Occasional X: The foul spirit of political economics (CCXXIX)
“Die personelle Besetzung des Sachverständigenrats liegt nach dem Gesetz in der Zuständigkeit der politischen Entscheidungsträger und nicht beim Rat selbst. / According to the law, the appointment of members to the Council of Economic Experts is the responsibility of political… pic.twitter.com/0r1SVVXZJs
— AXEC (@EgmontHandtke) March 2, 2026
March 1, 2026
Occasional X: The foul spirit of political economics (CCXXVIII)
“Paranoia is only an appropriate diagnosis if your fears are unfounded.” (MMT for Progressives)
— AXEC (@EgmontHandtke) March 1, 2026
Whatever this is, it is not economics.
MMT for Progressives does not understand profit and, as a logical consequence, how the economic system works. This is self-disqualifying.
The…
Occasional X: The foul spirit of political economics (CCXXVII)
“In fact, Putin is (as has been noted before) an extraordinarily slow leader. He is slow to seize opportunity or to change course. So once he got engaged into this crazy war, he cannot get out of it. In that slowness, he is similar to Brezhnev.” (Branko Milanovic)
— AXEC (@EgmontHandtke) March 1, 2026
Whatever this… pic.twitter.com/LrhG5yIdnc