“250 years after The Wealth of Nations, William Easterly's Violent Saviors revives Smith's core insight: development must arise from voluntary cooperation, not expert design.” (Econlib)
— AXEC (@EgmontHandtke) May 29, 2026
This may be true or false sociology, but it is not economics.
Adam Smith was not an original… pic.twitter.com/LvINZkNrML
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 29, 2026
Occasional X: Clueless economists / Science (CCCXXXIV)
Occasional X: Clueless economists / Science (CCCXXXIII)
“The Austrian corpus is internally consistent.” (Rothbard, quoted by Law the Lawless)
— AXEC (@EgmontHandtke) May 29, 2026
No, Austrianism is axiomatically false and deductively inconsistent. It is based on the behavioral triviality that human wants have a priority order. ⇓ This is true, but leads to nothing of… pic.twitter.com/UPk1avP5Ih
May 28, 2026
Occasional X: The foul spirit of political economics (CCLXVI)
“But Marx is only important because his ideas literally changed the course of history!” (Matthew Cole's quote)
— AXEC (@EgmontHandtke) May 28, 2026
Changing the world is easy. Every moron can do it. Change is a weasel word that covers both improvement and deterioration. In public discourse, it is therefore…
Occasional X: The foul spirit of political economics (CCLXV)
“You can't study any branch of the social sciences without engaging Marx in some capacity. Hayek is a secondary figure even in 20th century political/economic thought.” (Matthew Cole)
— AXEC (@EgmontHandtke) May 28, 2026
Science is about true/false, not about left/right. This applies in particular to economics.… pic.twitter.com/qMGKbJ0Ljx
Occasional X: Clueless economists / Science (CCCXXXII)
“One of the most common conceptual errors in economics—the error that any economist knows they must explain to the public—is the confusion between identities and equilibrium conditions. It is an obvious error (to those who know the subject) and extremely serious because it easily… pic.twitter.com/M4Fu1GRkK7
— AXEC (@EgmontHandtke) May 28, 2026
Occasional X: Clueless economists / Science (CCCXXXI)
“We remember Voltaire as the Enlightenment philosopher. We forget that he was also a formidable businessman. (ANTITHÈSE)
— AXEC (@EgmontHandtke) May 28, 2026
A businessman is a very different person from somebody who exploits the construction fault of a lotterie.
Voltaire is an example of the economic construction…
Occasional X: The foul spirit of political economics (CCLXIV)
“Keynes is a gateway drug to Marx.“ (Mike Lee)
— AXEC (@EgmontHandtke) May 28, 2026
Mike Lee is a gateway drug to total brain evaporation.
In science, you have to materially/formally prove your case. Keynes was provably wrong, ⇓ but Hayek never proved it, because he was also scientifically incompetent.
For… pic.twitter.com/wnnEGa7vkZ