#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 25, 2024
“… I do not hold that Bastiat was a bad theorist. I hold that he was no theorist.” (Schumpeter)#Bastiat had NO idea of what #Profit is and how the economic #System works. He was just another #AgendaPusher /…
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.
April 25, 2024
Occasional Xs: What economists really do (CCXXVII)
Occasional Xs: What economists really do (CCXXVI)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 25, 2024
“… I do not hold that Bastiat was a bad theorist. I hold that he was no theorist.” (Schumpeter)#Bastiat had NO idea of what #Profit is and how the economic #System works. He was just another #AgendaPusher /…
Occasional Xs: What economists really do (CCXXV)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 25, 2024
The correct term for the German polity is NOT #Democracy but #Oligarchy with key institutions like #Parliament / #Treasury / #CentralBank / #BigBusiness as integral parts. This institutional setup thrives on…
Occasional Xs: Paradigm Shift (XXIX)
#Economics#FailedFakeScience#Reset
— E.K-H (@AXECorg) April 25, 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… pic.twitter.com/aUIxIF8fIg
April 24, 2024
Occasional Xs: What economists really do (CCXXIV)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 24, 2024
The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.… pic.twitter.com/cEBCF9Ukn0
Occasional Xs: What economists really do (CCXXIII)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) April 24, 2024
The so-called #FreeMarketEconomy runs on #Profit. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their…
Occasional Xs: How it works (CLXXXIX)
#LearnRealEconomics#Deficit#Profit#Debt#Interest
— E.K-H (@AXECorg) April 24, 2024
The #MarketEconomy runs on profit. The #ProfitLaw ⇓ implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the Oligarchy. Macroeconomic #Profit is in the main produced by the growth of… pic.twitter.com/C6B9S6mPkA