“By claiming to be objective without any real contribution to this science, you are illustrating the criticism above.” (WatchOut)
— AXEC (@EgmontHandtke) March 31, 2026
You are illustrating your ignorance and are missing the methodological kicker.
Because the AXEC approach is objective/systemic, all statements…
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 31, 2026
Occasional X: Clueless economists / Science (CCXCII)
March 30, 2026
Occasional X: Paradigm Shift (XCXIII)
“Economics does not exist without human behavior.” (alouette)
— AXEC (@EgmontHandtke) March 30, 2026
Flying does not exist without human behavior, but to understand flight, one needs to understand the laws of aerodynamics. Legacy economists do not understand how planes fly, but they understand why people buy tickets,… pic.twitter.com/pd86iGnDPx
Occasional X: The foul spirit of political economics (CCLXI)
For 200+ years, economics has claimed to be Science, but it is NOT. The major approaches (Walrasianism, Keynesianism, Marxianism, Austrianism, and their derivatives) are mutually contradictory and axiomatically false and materially/formally inconsistent, and ALL got profit wrong.… pic.twitter.com/6DIqvCEiMy
— AXEC (@EgmontHandtke) March 30, 2026
Occasional X: The foul spirit of political economics (CCLX)
“The problem with social sciences is not that they are "unreliable" but that they study things that all people have personal experience with and thus have strong opinions about.” (Per Bylund)
— AXEC (@EgmontHandtke) March 30, 2026
Economics is about how the economy works. It is a systems science and NOT a social…
Occasional X: The foul spirit of political economics (CCLIX)
“Ha-Joon Chang compares mainstream economics to Catholicism in the Middle Ages.” (Jostein Hauge)
— AXEC (@EgmontHandtke) March 30, 2026
Ha-Joon Chang is another clueless economist.
Economics is about how the economy works. It is a systems science and NOT a social science. This ur-mistake goes back to the Founding…
Occasional X: The foul spirit of political economics (CCLVIII)
“Tyler Cowen in his new book on why economists write about topics outside their area of expertise: 'The dirty little secret is that what distinguishes economics as a field, right now, is a mix of higher standards, harder work, better math, and higher IQs.” (Richard Hanania)
— AXEC (@EgmontHandtke) March 30, 2026
The… pic.twitter.com/Fylf9wQpj8
Occasional X: The foul spirit of political economics (CCLVII)
“Mercy to the guilty is cruelty to the innocent.” (Adam Smith, quoted by Elon Musk)
— AXEC (@EgmontHandtke) March 30, 2026
This may be true, but it is not economics.
Adam Smith was not an original thinker, not a scientist, not an economist; he was a populist moralizer. ⇓
Since Adam Smith, economists haven't had… pic.twitter.com/DRmbfHLasE