The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false and materially/formally inconsistent. #Economics is scientifically worthless. It's just #Pluralism of #Idiotism. pic.twitter.com/nWv0lbkuL3
— E.K-H (@AXECorg) May 31, 2022
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 31, 2022
Occasional Tweets: Economics ― the pluralism of idiotism (III)
Occasional Tweets: 2500+ ys after Aristotle defined things, economists still try to sell Oligarchy as Democracy
The correct designation for the current political system is #Oligarchy and NOT #Democracy. It thrives on #DeficitSpendingMoneyCreation = growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. These #FreeLunches are used to capture the State’s institutions. pic.twitter.com/fjY3KGc6By
— E.K-H (@AXECorg) May 31, 2022
May 30, 2022
Occasional Tweets: There is NO such thing as “logically sound economic reasoning”.
There is NO such thing as “logically sound economic reasoning”. Proof: 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/#Micro is scientifically worthless. pic.twitter.com/bXmjD4fUK9
— E.K-H (@AXECorg) May 30, 2022
Occasional Tweets: Economics as an example of the Weaponization of Everything
#Economics#EconomicWarfare
— E.K-H (@AXECorg) May 30, 2022
Green Transition is the code name for the geopolitical aggression of the self-styled #GoodWest against Russia. It is just another example of the #WeaponizationOfEverything (energy, food, water, money, law, entertainment, sport, art, culture, science). pic.twitter.com/Bp5SVH0WV9
Occasional Tweets: How economists messed up economics
The definitions of the foundational concepts of #Economics ― #Profit, #Income, #Saving ― are inconsistent, i.e. provably false. Because of this, the whole of economics is proto-scientific garbage.
— E.K-H (@AXECorg) May 30, 2022
The GDP-death-blow for the economics professionhttps://t.co/QJycQUh0Uj
May 29, 2022
Occasional Tweets: There is no need to deconstruct economics ― it is long known to be axiomatically false
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) May 29, 2022
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/#Micro is scientifically worthless pic.twitter.com/46snVPdW6x
May 27, 2022
Occasional Tweets: After 200+ years, the main achievement of economics is the perversion of science and politics
#Economics#FailedScience
— E.K-H (@AXECorg) May 27, 2022
Freedom is a political concept. #Economists who do not get tired of waving the flag of #Freedom/#Liberty are NOT #Scientist. They have NO idea how the #Economy works but are #AgendaPushers / #UsefulIdiots for the #Oligarchy. ⇒https://t.co/CPW3M1JQYK
May 25, 2022
Occasional Tweets: Dear practitioners, right policy depends on true theory
#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
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 (IV)
#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 (I)
#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 (I)
#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