#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory and axiomatically false and materially/formally inconsistent and ALL got #Profit wrong. When the foundational concepts of the subject matter… pic.twitter.com/kA0DK3XszW
— E.K-H (@AXECorg) July 26, 2024
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.
July 26, 2024
Occasional Xs: The futile attempt to recycle Austrianism (XXXVII)
July 25, 2024
Occasional Xs: What economists really do (CCXCII)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) July 25, 2024
'Economics is largely the process of ascribing everything good in the universe to the working of #FreeMarkets and blaming everything bad on the #State ― regardless of what the facts may be.' (paraphrasing Thomas…
Occasional Xs: Geoeconomics/geopolitics is not the strong suit of psychologists/philosophers
#GeoPolitics#GeoEconomics
— E.K-H (@AXECorg) July 25, 2024
Dear psychologists and philosophers,
The #Kanzler/#VizeKanzler's lack of readiness to inform about the current status of the #NordStream investigations has NOTHING to do with #Vertrauen/#Trust or #StaatsWohl/#CommonWeal but with the lack of… pic.twitter.com/Y0csflT9Aj
Occasional Xs: How it works (CCXXXIII)
#LearnRealEconomics
— E.K-H (@AXECorg) July 25, 2024
The #FreeMarketEconomy runs on profit. But to this day, #Economists get profit wrong. When the foundational concepts of the subject matter are inconsistent the whole analytical superstructure is scientifically worthless. So, the first thing to realize is that…
Occasional Xs: What economists really do (CCXCI)
#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) July 25, 2024
“School Boy's Theory of History: It's just one damn thing after another.” (Professor of Applied Economics Steve Hanke)
The History of Economic Thought is the history of scientific failure. The major approaches…
Occasional Xs: How it works (CCXXXII)
#LearnRealEconomics
— E.K-H (@AXECorg) July 25, 2024
“The Biden - Harris Administration has a remarkable record.” (L. H. Summers)
The U.S. economy runs on #Profit. The 3-sector #ProfitLaw Qm≡(G−T)+(I−Sm)+Yd implies that the greater part is produced by #DeficitSpendingMoneyCreation. The economy is… pic.twitter.com/1YDvt38ePS
July 24, 2024
Occasional Xs: The futile attempt to recycle Ricardo (VIII)
#Economics#FailedFakeScience#Profit
— E.K-H (@AXECorg) July 24, 2024
The history of economic thought is the history of scientific failure and it goes from the founding fathers onward to this day.
Ricardo NEVER understood what #Profit is and how the economic #System works. When the foundational concepts of…