#Economics #FailedFakeScience #Reset 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 subject matter are inconsistent, the whole analytical superstructure is scientifically worthless. The reason for the ongoing failure lies in the #Axioms i.e. the foundational propositions. Economics is NOT a #SocialScience i.e. NOT about Human Nature / Motives / Behavior / Preferences / Choice / Incentives / Expectations etc. #PsychoSocialEcon has always been #CargoCultScience. #Economics is about how the #Economy works. NO way leads from the understanding of individual behavior to the understanding of the behavior of the economy as a whole. Behavioral #MicroFoundations explain why economics never rose above psycho-social blather and political propaganda. After 200+ years of proto-scientific garbage, the #ParadigmShift is overdue. It will send all behavioral-psycho-social-micro approaches to the Flat-Earth Cemetery, including Mas-Colell et. al.