#Economics#FailedFakeScience
— E.K-H (@AXECorg) March 18, 2024
The major approaches, #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the foundational concepts of the… pic.twitter.com/sYeBT2L49W
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.
March 18, 2024
Occasional Xs: What economists really do (CXCIX)
Occasional X: The growth of public debt is the life elixir of Capitalism (III)
#Capitalism
— E.K-H (@AXECorg) March 18, 2024
The US polity is an Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. Analogous for EUR, UK, CAN, etc. The #ProfitLaw ⇓ implies #PublicDeficitIsPrivateProfit. Macroeconomic #Profit is in the main produced by #DeficitSpendingMoneyCreation i.e. the… pic.twitter.com/mUwAGmWO4M
Occasional Xs: The futile attempt to recycle MMT (LXXXII)
#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) March 18, 2024
Under the main title “Wealth & Wellbeing”, Andrew Bunker proclaims “MMT is Winning”. The fact of the matter is, that under the main title of Science, MMT lost it long ago.
MMT's foundational #BalancesEquation is provably false, so the whole… pic.twitter.com/MGbE1ICsHU
March 16, 2024
Occasional Xs: How Solow messed up growth theory and why economists don't get it right to this day (III)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) March 16, 2024
The history of economic thought is the history of scientific failure. The major approaches are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the foundational concepts of the subject…
Occasional Xs: What economists really do (CXCVIII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) March 16, 2024
The major approaches, #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the foundational concepts are… pic.twitter.com/AYmCllaYPh
Occasional Xs: Clueless economists / Science (XLXXXI)
#Economics#FailedFakeScience#Reset
— E.K-H (@AXECorg) March 16, 2024
Everyone has a #Model in their head. But #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the… pic.twitter.com/UOaBAEGu70
Occasional Xs: The futile attempt to recycle Hayek (XVI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) March 16, 2024
The history of economic thought is the history of scientific failure. #Hayek NEVER understood what #Profit is and how the economic #System works. When the foundational concepts of the subject matter are inconsistent, the whole analytical… pic.twitter.com/tew0fFPYCO