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.
December 31, 2014
Scientific thinking: Aristotle is right, Leijonhufvud is wrong
Comment on 'Mainstream macroeconomics distorts our understanding of economic reality'
Each paradigm stands or falls with its premises: “When the premises are certain, true, and primary, and the conclusion formally follows from them, this is demonstration, and produces scientific knowledge of a thing.” (Aristotle, Analytica)
The axiomatic foundations of Orthodoxy are wrong and this fully explains its failure. From this does not follow that axiomatization is wrong. This is Leijonhufvud's error.