“… I do not hold that Bastiat was a bad theorist. I hold that he was no theorist.” (Schumpeter)
— AXEC (@EgmontHandtke) February 12, 2026
Bastiat had NO idea what profit is and how the economic system works. He was just another agenda pusher / phrase monger / useful idiot / clown in the political CircusMaximus.
The…
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.