“It is interesting though, that in economics even when famous papers fail to replicate, or fail to generalize as claimed, even when those rejoinders are published, the weight of opinion, citation, prizes, 'studies say' policy summaries, etc. remain with the original.” (John… pic.twitter.com/Y5fvZMyok8
— AXEC (@EgmontHandtke) February 16, 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.
February 16, 2026
Occasional X: Clueless economists / Science (CCLVI)
Occasional X: Clueless economists / Money (XCXI)
“We didn't get inflation post 2008 even though Fed printed money on a scale that was not previously thought compatible with price stability ...” (Richard Fields)
— AXEC (@EgmontHandtke) February 16, 2026
You don't understand profit, and by logical consequence, how the economic system works, and by logical consequence,… pic.twitter.com/elF9iMp1TH
Occasional X: Clueless economists / Science (CCLV)
“Nice definition of the exceedingly narrow scope in which Economists might have any expertise. What Economists have is a great narrative with extremely limited real world application.” (Richard Field)
— AXEC (@EgmontHandtke) February 16, 2026
Economics is failed/fake science. Economists do not understand profit; by…
February 15, 2026
Occasional X: Clueless economists / Science (CCLIV)
“Repeating myself, but Economics profession needs to be shut down and removed from all policy discussions until it can prove it is actually capable of consistently outperforming Astrology ...” (Richard Field)
— AXEC (@EgmontHandtke) February 15, 2026
Economics has defined itself as a social science and accordingly has… pic.twitter.com/6ZzQoaBke3
Occasional X: AI — boosting scientific competence in economics (IX)
“And there are still people out there taking loans to study law, finance, medicine, architecture, design, and engineering. These jobs will be gone when they finish.” (Michael Arouet)
— AXEC (@EgmontHandtke) February 15, 2026
Most important of all, economists in general will be gone, and Michael Arouet, in particular.… pic.twitter.com/IiBTzJ81BH
Occasional X: The futile attempt to recycle behavioral economics (XIV)
“It’s not simply a case of nudging people’s behaviour concerning purchases or credit cards, you can use these techniques to create a range of behavioural changes in people outside of economics, too. To a behavioural economist, people's actions are mappable.”
— AXEC (@EgmontHandtke) February 15, 2026
“The man who taught… pic.twitter.com/P30DZJLLCh
Occasional X: Clueless economists / Science (CCLIII)
Veblen + Keynes —> proto-scientific garbage
— AXEC (@EgmontHandtke) February 15, 2026
Keynes + Schumpeter —> proto-scientific garbage
Veblen + Schumpeter —> proto-scientific garbage ⇓
For details of the big picture, see
Cross-references Failed/Fake Scientistshttps://t.co/lDIqzDWCPO pic.twitter.com/bXKW75PUcf