#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“We rarely think of economics as scandalous, but maybe we should.” (Sam Bowles)
Economics has defined itself as a social science and accordingly has been based on subjective/behavioral assumptions/axioms. This is the first methodological mistake,… pic.twitter.com/hrzhAR882u
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.
February 4, 2026
Occasional X: Clueless economists / Science (CCXLXI)
Occasional X: Paradigm Shift (XCIX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“Neither Chicago theorists or Austrian theorists hold any of the elements of the position described. Like...none of it.” (Vincent Geloso)
Economics has defined itself as a social science and accordingly has been based on subjective/behavioral… pic.twitter.com/m3RwUVmQUB
Occasional X: The futile attempt to recycle Marx (LIV)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“This is your periodic reminder that professors at leading universities still view Marx as an economist worthy of consideration.” (Daniel Lemire)
Marxism is discredited because it is failed/fake science. Economics professors are discredited because…
Occasional X: Clueless economists / Science (CCXLX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“The study of the human sciences can produce wisdom, routine predictions. It cannot produce profitable prediction and godlike control.” (Deirdre McCloskey)
Economics has defined itself as a social science and accordingly has been based on… pic.twitter.com/eEzsk85mTx
Occasional X: Clueless economists / Money (XCI)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“The old dispute between the Monetarists and the Keynesians was resolved when the Keynesians conceded all the substantive points and the Monetarists agreed to be called New Keynesians.” (quoted by neocentrist)
Both Monetarism and Keynesianism are… pic.twitter.com/Kq8GmO1it3
Occasional X: Clueless economists / Science (CCXLIX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“About time the Priesthood of the Economic PhDs was significantly reduced ... while I champion a 99.9999999% reduction in the number of Economists, this is at least a start ...” (Richard Field)
The history of economic thought is the history of… pic.twitter.com/AaNwML8NtR
February 3, 2026
Occasional X: Clueless economists / Science (CCXLVIII)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 3, 2026
“Marxism isn’t discredited because Marx was a bad husband or father.” (Rock Chartrand)
No, Marxism is discredited because it is failed/fake science.
Because Marx got the foundational magnitude of economics —profit— wrong, his communicative…