#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance NEVER has had sound scientific foundations.#DefundEconomics pic.twitter.com/F6OVFLffJf
— E.K-H (@AXECorg) January 31, 2023
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.
January 31, 2023
Occasional Tweets: The realization grows inexorably and has already reached Bloomberg Opinion
January 30, 2023
Occasional Tweets: Economists have no idea how the economy works but are the life advisors that everyone has waited for
#Econ#FailedFakeScience#HomoEconomicus#Economics is about how the #Economy works. It is a #SystemsScience & NOT a #SocialScience ie NOT about #HumanNature / #Motives / #Behavior / #Choice / #Action / #Incentives / #SelfImprovement. See cross-referenceshttps://t.co/MzGiF9gXMI
— E.K-H (@AXECorg) January 30, 2023
Occasional Tweets: When economists say we/our this means WeTheOligarchy and not WeThePeople
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. For #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. #Interest is taxed from #WeThePeople on behalf of the #Oligarchy. pic.twitter.com/lAmOdaKXmz
— E.K-H (@AXECorg) January 30, 2023
Occasional Tweets: What’s the consequence for the government accruing debt?
#PublicDebt increases for 200+ yrs. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with growing public debt which is the #LifeElixir of #Capitalism. pic.twitter.com/8OlEQSGJaR
— E.K-H (@AXECorg) January 30, 2023
Occasional Tweets: Another kind of scientific progress ― from carrot-and-stick donkey training to the manipulation of economic incentives
#Economics#FailedFakeScience
— E.K-H (@AXECorg) January 30, 2023
An #Economist with scientific instead of technocratic aspirations would figure out how the economic #System works. Most economists, though, are NOT #Scientists but #AgendaPushers / #IncentiveManipulators / #Clowns in the political CircusMaximus. pic.twitter.com/5eNEXLkuph
Occasional Tweets: The futile attempt to recycle MMT (IXX)
#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) January 30, 2023
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.
A beginner’s guide to MMThttps://t.co/gbv89V5vPo pic.twitter.com/KcbPNjieFR
January 29, 2023
Occasional Tweets: As incompetent scientists, economists cannot serve the common good even if they really wanted to
#Economics is #FailedFakeScience and as a consequence #EconomicPolicyGuidance lacks sound scientific foundations since Adam Smith. #Economists do NOT serve the common good. They have always been a danger to their fellow citizens.
— E.K-H (@AXECorg) January 29, 2023
Iatrogenic economicshttps://t.co/BR3LnntDcN pic.twitter.com/uh6hXoI71n