#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) May 25, 2022
“Adam Smith was not a theoretical economist.” No. And because he never understood how the economy works his policy guidance NEVER has had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/vO8W4FBMAt
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 25, 2022
Occasional Tweets: Dear practitioners, right policy depends on true theory
May 24, 2022
Occasional Tweets: The so-called free market economy is sponsored by the state
#LearnEconomics
— E.K-H (@AXECorg) May 24, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. The so-called free #MarketEconomy runs on growing #PublicDebt i.e. is sponsored by the #State. pic.twitter.com/ZeHePxtDiz
May 22, 2022
Occasional Tweets: Economics is fake science for 200+ years
#Economics#FakeScience#Economists are NOT #Scientists but political #AgendaPushers / #UsefulIdiots. That becomes particularly clear in times of crisis when they unfurl their flag of allegiance.
— E.K-H (@AXECorg) May 22, 2022
How Europe Was Pushed Towards Economic Suicidehttps://t.co/FxNyydOb2G pic.twitter.com/jf70tkQ0QJ
Occasional Tweets: The ultimate source of profit
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) May 22, 2022
The history of economic thought is the history of scientific failure. v Mises is NO exception.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/1d2s6pkRLE
May 21, 2022
Occasional Tweets: About time for *conceptual* ground clearing
#FailedScience#FakeScience#Economists are too stupid for the simple #Algebra of #MacroFoundations. Because they get the foundational concept of #Profit wrong, both orthodox and heterodox economists have produced nothing but proto-scientific garbage for 200+ years. pic.twitter.com/yaKGzvXaOa
— E.K-H (@AXECorg) May 21, 2022
May 19, 2022
Occasional Tweets: Economists are creatures out of the swamp of inconclusiveness
That economic debates come to no conclusion but are recycled forever is NOT a bug but a feature. #Economists are NOT #Scientists but political #AgendaPushers and their preferred habitat is “where nothing is clear and everything is possible”. (Keynes) ⇒https://t.co/HCo552X9nb pic.twitter.com/vw5WVTLe40
— E.K-H (@AXECorg) May 19, 2022
May 15, 2022
Occasional Tweets: Liberal Democracy is the flag in which the oligarchy wraps itself
The current political system is an #Oligarchy. Congress is an integral part of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation (= growing public debt) secures the systemic self-alimentation with #Profit. pic.twitter.com/1Ml44PNypB
— E.K-H (@AXECorg) May 15, 2022