#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
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
Occasional Tweets: The futile attempt to recycle economics textbooks
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) May 14, 2022
Scientifically, economic textbooks have always been worthlesshttps://t.co/oeJi6gICRf
May 13, 2022
Occasional Tweets: The futile attempt to intimate that economics is the apex of science
#Economists are too stupid for the elementary #Algebra of #MacroFoundations and macro #Profit. They are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. Economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/FEokNTh1Ox
— E.K-H (@AXECorg) May 13, 2022
Occasional Tweets: The futile attempt to recycle long-refuted macrofoundations
#Economics#Keynes messed up #MacroFoundations and macroeconomic #Profit because he was too stupid for elementary #Algebra. He was NOT a #Scientist but a political #AgendaPusher. Same for Kalecki.
— E.K-H (@AXECorg) May 13, 2022
Kalecki and Keynes: The double macroeconomic false starthttps://t.co/NVpmqGFy1m
Occasional Tweets: For 200+ years, economics is a failed science because economists violate the foundational principle of the separation of science and politics
#Economics
— E.K-H (@AXECorg) May 13, 2022
The #Economist as a #Scientist has NO political mandate. Fact is, though, that #Economics is #FailedScience / #FakeScience and economists are NOT #Scienstists but stupid/corrupt #Clowns / #AgendaPushers / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/dCGvgvaeU2
May 10, 2022
Occasional Tweets: Since the founding fathers, economists are not scientists but silly political flag wavers
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) May 10, 2022
Obviously, the ideas of #Science or #Truth NEVER impacted you. As a rule, #Economists are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. pic.twitter.com/1TA4Q6ljHH
May 9, 2022
Occasional Tweets: Economists and math ― they just don't get it
#Economists are too stupid for the elementary #Algebra of #MacroFoundations and macro #Profit. They are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. Economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/H58kp4rFzU
— E.K-H (@AXECorg) May 9, 2022
Occasional Tweets: If you think academic economics is about lucrative returns you are certainly wrong
#Economics#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. Economics has NO truth-value, only political use-value. ⇒https://t.co/4NuqfCXX3q pic.twitter.com/Vb5LVCPfVE
— E.K-H (@AXECorg) May 9, 2022
May 8, 2022
Occasional Tweets: The futile attempt to recycle Adam Smith (V)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) May 8, 2022
The history of economic thought is the history of scientific failure.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjx8hi pic.twitter.com/WY36sxPWM3
Occasional Tweets: The scientific value of economics titles is zero
#Economics#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. Both micro and macro folks have to return their titles. ⇒https://t.co/kCwE4nq1Ko pic.twitter.com/HQsPDistT5
— E.K-H (@AXECorg) May 8, 2022
May 7, 2022
Occasional Tweets: The futile attempt to recycle Post Keynesianism
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) May 7, 2022
The history of economic thought is the history of scientific failure.
Keynes and Post Keynesians ― too stupid for sciencehttps://t.co/f5O5J8bmWI
Occasional Tweets: The futile attempt to recycle IS-LM
#LearnEconomics
— E.K-H (@AXECorg) May 7, 2022
All IS-LM models are axiomatically false.
Cross-references Refutation of I=Shttps://t.co/TGGYpnS9sG pic.twitter.com/XcgoaUGWSN
May 5, 2022
Occasional Tweets: Economics, communication, disinformation
- How Adam Smith messed up economics
- Gossip economics
- Economics, communication, disinformation
- Heterodox economics ― stupidity, masochism, or disinformation?
- Economics: Stories, narratives, and disinformation
- Economic narratives cause severe mental damage
- Economists are NOT scientists but stupid/corrupt storytellers
- Not all academic pursuits are science
- Economic narratives are for the scientific garbage dump
- Circus Maximus: Economics as entertainment, personality gossip, virtue signaling, and lifestyle promotion
- Profit analysis ― another exercise in economic deception
- How to spot economics trolls
- The economist as storyteller
- Dialectic: the swampies’ methodology of choice
- If religion is opium of the people, economics is crack of the people
- Economics as storytelling and entertainment for the masses
- Urgent: Taking politics out of economics
- Economics: A pointless left-right wrestling show
- You don’t see what you don’t see: censorship in the econblogosphere
- The inexorable Paradigm Shift in economics
- Beware of the moralizing economist
- Supply-demand-equilibrium ― employment theory as an example of proto-scientific soap bubbling
- The Supreme Being handed over these Twelve Economics Commandments
- Ricardo, too, got profit theory wrong
- Economics for believers
- Again and again: economists are incompetent scientists
- This is New Economic Thinking? Give me a break!
- On econblogosphere bias
- Economics is NOT a misunderstanding but cargo cultic crap
- Economists: Incompetent? Stupid? Corrupt?
- Economics ― worse than fake
- Economics ― a Zombie wrestling show
- FakeNews, FakeScience: economics in the information age
- Economics: Science or cheap talk?
May 4, 2022
Occasional Tweets: Economists do not know what profit is
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) May 4, 2022
The history of economic thought is the history of scientific failure. To this day, #Economists do not know what #Profit is.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/Pl3atAotxH
May 2, 2022
Occasional Tweets: MMT ― another phony solidarity with the workers
The #MMT #Solidarity with #Workers is phony. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.
— E.K-H (@AXECorg) May 2, 2022
MMT works just fine (for the Oligarchy)https://t.co/J7ThjKM5fF pic.twitter.com/blvbFbPOVn
May 1, 2022
Occasional Tweets: Economics and the weaponization of science/ethics
— E.K-H (@AXECorg) May 1, 2022
April 27, 2022
Occasional Tweets: Economics is not part of science but part of the disinfotainment industry
#Economics#FailedScience#FakeScience#Economics is NOT #Science, #Economists are NOT #Scientists but #Clowns / #AgendaPushers / #UsefulIdiots in the political #CircusMaximus.
— E.K-H (@AXECorg) April 27, 2022
Economics as storytelling and entertainment for the masseshttps://t.co/SbHCzAqYov
Occasional Tweets: Economics is scientifically worthless ― economists are politically useful idiots
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false and materially/formally inconsistent. #Economics is scientifically worthless. #Economists are politically #UsefulIdiots. pic.twitter.com/KakOZ1BIVZ
— E.K-H (@AXECorg) April 27, 2022
For details of the big picture see cross-references Political Economics/Stupidity/Corruption.
April 26, 2022
Occasional Tweets: The futile attempt to promote failed science
#Economics#FailedScience
— E.K-H (@AXECorg) April 26, 2022
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. ⇒https://t.co/kCwE4nptUQ pic.twitter.com/vQ8sysKPw4
April 24, 2022
Occasionale Tweets: A tale told by an idiot ― the history of economics thought
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false and materially/formally inconsistent. ALL got the concept of #Profit wrong. #Economics is scientifically worthless. pic.twitter.com/yE7si2JxRd
— E.K-H (@AXECorg) April 24, 2022
April 23, 2022
Occasional Tweets: Economists and algebra ― a running gag for 200+ years
Bc #Keynes was too stupid for the elementary #Algebra of #MacroFoundations, he got the concept of #Profit wrong. Bc of this, the whole analytical superstructure of #Macro is scientifically worthless. #Economists don't get it to this day. This proves their scientific #Incompetence pic.twitter.com/uy7im0vNuD
— E.K-H (@AXECorg) April 23, 2022
April 22, 2022
Occasional Tweets: Economics is scientifically worthless, so are its prizes
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. ⇒https://t.co/kCwE4nptUQ pic.twitter.com/VeTbIe86Tu
— E.K-H (@AXECorg) April 22, 2022
Occasional Tweets: Economists are not scientists but useful idiots
#Economics is #FailedScience/#FakeScience. The #EconNobel is a fraud. #Economists are NOT #Scientists but #Clowns and #UsefulIdiots in the political #CircusMaximus. Two Nobelists in BILD ― that says it all.
— E.K-H (@AXECorg) April 22, 2022
The real problem with the economics Nobelhttps://t.co/kCwE4nptUQ pic.twitter.com/6BO6SE8V1z
April 21, 2022
Occasional Tweets: The futile attempt to reycle failed economists
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 21, 2022
Tobin, the tragedy of After-Keynesians, and the indelible mark of incompetencehttps://t.co/4pY8fPkBkI
April 19, 2022
Occasional Tweets: The futile attempt to recycle the Phillips Curve
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 19, 2022
The history of economic thought is the history of scientific failure.
Links on the Phillips Curvehttps://t.co/0yuibAGZDZ
Occasional Tweets: Economics is not science, economists are just politically useful idiots
Bc #Economics is #FailedScience/#FakeScience, economic policy guidance NEVER has had sound scientific foundations. Worse, bc of the separation of #Politcs/#Science, #Economists have NO political mandate, to begin with. They are just #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/m3cpiqTaRN
— E.K-H (@AXECorg) April 19, 2022
April 15, 2022
Occasional Tweets: It is not bad manners to call economists clowns and useful idiots
It's NOT a question of manners, it's about scientific content. #Economics is #FailedScience / #FakeScience. Because of this, economic policy guidance NEVER has had sound scientific foundations. Calling #Economists #Clowns / #UsefulIdiots is NOT an insult but a statement of fact. pic.twitter.com/bcAcXWSWpl
— E.K-H (@AXECorg) April 15, 2022
April 11, 2022
Occasional Tweets: The futile attempt to recycle General Equilibrium
#FailedScience#GeneralEquilibrium
— E.K-H (@AXECorg) April 11, 2022
The history of economic thought is the history of scientific failure: “The only way possible is a thorough reexamination of the theory’s basic hypotheses, i.e., a true paradigmatic revolution.” (Ingrao et al., 1990) ⇒https://t.co/TFmOmC1auZ
For more about equilibrium see AXECquery.
For more about paradigm see AXECquery.
April 9, 2022
Occasional Tweets: The futile attempt to recycle the long refuted profit/distribution theory
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) April 9, 2022
The word #Profit does not appear once in your schedule but #Equilibrium does. This tells one that your stuff is proto-scientific garbage. For details see
Cross-references Profit/Distributionhttps://t.co/2jMouDhWzk pic.twitter.com/StBksyapti
April 7, 2022
Occasional Tweets: The futile attempt to recycle traditional Heterodoxy
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 7, 2022
Heterodoxy ― an axiomatic failure just like Orthodoxyhttps://t.co/oDXO24XCUG
Throw them out! Orthodox and heterodox economists are unfit for sciencehttps://t.co/pgKYrIuD7Z
April 6, 2022
Occasional Tweets: Economists ― incompetent scientists, politically usefull idiots, warmongers
#Economics#FailedScience#FakeScience#Walrasianism, #Keynesiansm, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. #Economics is scientifically worthless. Most #Economists are just politically #UsefulIdiots. pic.twitter.com/Kx44rnkWOK
— E.K-H (@AXECorg) April 6, 2022
April 4, 2022
Occasional Tweets: The futile attempt to recycle MMT (III)
#MMT
— E.K-H (@AXECorg) April 4, 2022
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki
The Kelton Fraudhttps://t.co/BN9izLduPa
MMT is refuted on all counts, cross-referenceshttps://t.co/9Rldtrw2J1
S.Kelton is academic fraud. MMT is a political fraud. pic.twitter.com/H0uaonhgpg
Occasional Tweets: The futile attempt to fuse provably false microeconomics and macroeconomics
Both #MicroEconomics and #MacroEconomics are axiomatically false. #Economists are too stupid for #Science. #Economics needs a #ParadigmShift from false Walrasian #MicroFoundations and false Keynesian #MacroFoundations to #TrueMacrofoundations. ⇒https://t.co/Lj85oSJUY6 pic.twitter.com/H26C07M2pp
— E.K-H (@AXECorg) April 4, 2022
April 2, 2022
Occasional Tweets: Economics has nothing to say about values
• Economics understood as #Science has NO political mandate
— E.K-H (@AXECorg) April 2, 2022
• #Economics is #FailedScience because #Economists are too stupid for the #Algebra of #MacroFoundations/#Profit
• Actually, economists are NOT #Scientists but #Clowns/#UsefulIdiots in the political #CircusMaximus. pic.twitter.com/zdcDQiGkwW
April 1, 2022
Occasional Tweets: Scary public debt ― another dose of tranquilizer for the kids
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the permanent interest #CashCow for the #Oligarchy. So, #WeThePeople owes the #Debt, #Oligarchy owns the #FinancialAssets. pic.twitter.com/p0dqbtM6gR
— E.K-H (@AXECorg) April 1, 2022
March 31, 2022
Occasional Tweets: The futile attempt to recycle political economics
#Economics is not about #Science or #Truth or the #GreaterGood. It is #FailedScience/#FakeScience and #AgendaPushing for the #Oligarchy. Or, to paraphrase Buchanan
— E.K-H (@AXECorg) March 31, 2022
Economists: “a bevy of camp-following whores”https://t.co/tBQHMtyKpv pic.twitter.com/F45V6LJeuC
March 30, 2022
Occasional Tweets: Paradigm Shift ― some have long crossed the next frontier
Both #MicroEconomics and #MacroEconomics are axiomatically false. #Economists are too stupid for #Science. #Economics needs a #ParadigmShift from false Walrasian #MicroFoundations and false Keynesian #MacroFoundations to #TrueMacrofoundations. ⇒https://t.co/Lj85oSJUY6 pic.twitter.com/cmu6YFME7F
— E.K-H (@AXECorg) March 30, 2022
Occasional Tweets: Economists do not know what pacta sunt servanda means
#Econ
— E.K-H (@AXECorg) March 30, 2022
This is NOT a chicken game, this is pacta sunt servanda [a brocard and a fundamental principle of law, Wikipedia]. Russia honors contracts and agreements. This cannot be said of the West/USA. The rest of the world gets a life demonstration of who are the good/bad guys.
Occasional Tweets: The representative economist still does not know how profiteering works
No matter how many times L.H. Summers waffles about rising demand & inelastic supply, the 3-sector #ProfitLaw says Q≡(G−T)+(I−S)+Yd which implies #PublicDeficitIsPrivateProfit, i.e. that #DeficitSpendingMoneyCreation is currently the #Oligarchy's main driver of #Profiteering. pic.twitter.com/YGaiLgx8IH
— E.K-H (@AXECorg) March 30, 2022
March 29, 2022
Occasional Tweets: A real joke ― to this day, economists get the foundational equation of macroeconomics wrong
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) March 29, 2022
Since Keynes, #Economists get the #SectoralBalances equation wrong. Here is the axiomatically correct #ProfitLaw and its derivatives:
Profit Law: The most powerful formula of economicshttps://t.co/lnw6QFadOE pic.twitter.com/7hDacNPbr8
March 28, 2022
Occasional Tweets: Economists and their Badge of Scientific Dishonor
#FailedScience#FakeScience
— E.K-H (@AXECorg) March 28, 2022
Economic policy guidance NEVER has had sound scientific foundations. For 200+ years, there is NO #ScientificHonor in #Economics.
Economists ― a bunch of scientifically incompetent polit-clownshttps://t.co/uj4P90iqlP pic.twitter.com/Kjzc4d3K9j
March 27, 2022
Occasional Tweets: Economic policy guidance has never had sound scientific foundations
In #Economics
— E.K-H (@AXECorg) March 27, 2022
Scientific truth went out the window long agohttps://t.co/E8niRAiCSj#Walrasianism, #Keynesiansm, #Marxianism, #Austrianism are mutually contradictory, axiomatically false, materially/formally inconsistent. Economic policy guidance has NO scientific foundations.
March 26, 2022
Occasional Tweets: The economist Krugman never understood what profit is but turns out to be a sharp Putin profiler
One cannot help noticing that Krugman's economics never has had anything to do with #Science but has always been brain-dead agenda-pushing in the political #CircusMaximus.
— E.K-H (@AXECorg) March 26, 2022
Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU
March 25, 2022
Occasional Tweets: Can the evolutionary paradigm tell what macroeconomic profit is? ― nil return
#Economics#FailedScience#FakeScience#CargoCultScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. ALL got #Profit wrong. Economics needs a #ParadigmShift to #MacroFoundations. pic.twitter.com/MhE1wIiob4
— E.K-H (@AXECorg) March 25, 2022
Occasional Tweets: The futile attempt to recycle behavioral economics
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
— E.K-H (@AXECorg) March 25, 2022
and NOT about individual human behaviorhttps://t.co/MzGiF9gpXa#Economics is about how the economic #System works. To this day, #Economists have no clue. pic.twitter.com/a7adxg7r9S
March 24, 2022
Occasional Tweets: WeThePeople pays for the war ― double, triple and forever
#LearnEconomics
— E.K-H (@AXECorg) March 24, 2022
How to pay for the war and to be bamboozled by economistshttps://t.co/A9RP6CFjNK
Occasional Tweets: The futile attempt to recycle the economics-is-a-science mantra
#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. ALL got #Profit wrong. #Economists are NOT #Scientists but #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/f8cdCf3Uyk
— E.K-H (@AXECorg) March 24, 2022
Occasional Tweets: The futile attempt to recycle the "economic way of thinking"
The history of economic thought is the history of scientific failure.
— E.K-H (@AXECorg) March 23, 2022
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
and NOT about individual human behaviorhttps://t.co/MzGiF9gpXa#Economics is about how the economic #System works. pic.twitter.com/HZTZYgXhgB
March 23, 2022
Occasional Tweets: How failed scientists are recycled as politicians
Steve Keen
— E.K-H (@AXECorg) March 23, 2022
⇒ NEVER understood how the #Economy workshttps://t.co/WP0GvLkq4d
⇒ recently teamed up with #MMTers. #MMT pushes a #FreeLunch agenda for the #Oligarchyhttps://t.co/juNxI7h3I8
⇒ is an #EconBlocker who violates the Code of Professional Conduct. pic.twitter.com/tugovVL6b0
March 22, 2022
Occasional Tweets: The futile attempt to reycle supply-demand-equilibrium
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) March 22, 2022
The history of economic thought is the history of scientific failure.
Bang — the representative economist and supply-demand-equilibrium are deadhttps://t.co/aNBIV3Tq92
March 20, 2022
Occasional Tweet: Politics corrupts everything, that's why the core principle of science is the strict separation of the two spheres
Separation of #Politics/#Science
— E.K-H (@AXECorg) March 20, 2022
• #Politicians have NOTHING to say in scientific matters.
• #Scientists have NOTHING to say in political matters.#Economists violate this core principle. They are NOT #Scientists but #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/Yh5OP8ak6f
March 19, 2022
Occasional Tweets: Keynes got macroeconomic profit wrong ― economists don't get it to this day ― the greatest possible scientific embarrassement
#Macro
— E.K-H (@AXECorg) March 19, 2022
(i) Q=I−S Keynes, Treatise → almost correct
(ii) I=S Keynes, GT, recants (i) → BS
(iii) Qre≡I−S Allais, Fondements → correct#Keynes messed up #MacroFoundations because he was too stupid for elementary #Algebra but #Allais got it right. ⇒https://t.co/4xHfLrk6B1 pic.twitter.com/F2iFqEx3mY
Occasional Tweets: Profit Theory is provably false ― 200+ years after Adam Smith
#Econ#FailedScience#FakeScience#Economics is about how the economics #System works. Economists don't know to this day. The history of economic thought is the history of scientific failure.
— E.K-H (@AXECorg) March 19, 2022
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/Wx3yHvTxUC
March 17, 2022
Occasional Tweets: More fiscal firepower to ease burden on poorest citizens
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Bigger is better, exploding #PublicDebt is best. #Trillionaires say thank you POTUS for helping the poor. pic.twitter.com/CuMbEN3RlM
— E.K-H (@AXECorg) March 17, 2022
Occasional Tweets: Economics is nothing to laugh at
#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. ALL got #Profit wrong. #Economists are NOT #Scientists but #Clowns in the political #CircusMaximus. pic.twitter.com/E98rPpvr5G
— E.K-H (@AXECorg) March 17, 2022
March 16, 2022
Occasional Tweets: The futile attempt to recycle Marginalism (II)
#DearIdiots#LearnEcon#Marginalism is long dead. The axiomatically correct formula reads for the most elementary case W/P=R, i.e. real wage W/P equals productivity R.
— E.K-H (@AXECorg) March 16, 2022
True macrofoundations: the reset of economicshttps://t.co/VcInqsJ4f7 pic.twitter.com/EpU8qVVByp
#Econ101
— E.K-H (@AXECorg) March 17, 2022
The standard neoclassical labor supply and labor demand model is proto-scientific garbage.
Marginalism is the landmark of scientific incompetencehttps://t.co/e8WmHvNz3O
The solemn burial of Marginalismhttps://t.co/9MVsTvNma4
Occasional Tweets: Economics debate ― designed to piss off everyone
#Economists often complain about the sorry state of the debating culture. This is #Hypocrisy. #Economics is political #AgendaPushing. The goal is to drive any discussion to the point where “nothing is clear and everything is possible”. (Keynes) ⇒https://t.co/1xUl4w19Jl pic.twitter.com/BiCJGEKlT9
— E.K-H (@AXECorg) March 16, 2022
Occasional Tweets: The futile attempt to recycle behavioral economics
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
— E.K-H (@AXECorg) March 16, 2022
and NOT about human behaviorhttps://t.co/MzGiF9gpXa#Economics is about how the economic #System works. That, #Economists have still NOT figured out because they are too stupid for #Science. pic.twitter.com/v9SlZ51K0x
March 14, 2022
Occasional Tweets: It does not matter what Speaker Pelosi says
#PublicDebt is up for 200+ years. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation (= growing debt) is a #FreeLunch for the #Oligarchy and keeps things going. Therefore, a debt reduction simply cannot happen. pic.twitter.com/J6HY8D6512
— E.K-H (@AXECorg) March 14, 2022