Does Macroeconomics Need Microeconomic Foundations?
Abstract: I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics.
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
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Online-Ressource
- Language
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Englisch
- Bibliographic citation
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Does Macroeconomics Need Microeconomic Foundations? ; volume:3 ; number:1 ; year:2009 ; extent:14
Economics / Journal articles. Journal articles ; 3, Heft 1 (2009) (gesamt 14)
- Creator
- DOI
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10.5018/economics-ejournal.ja.2009-23
- URN
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urn:nbn:de:101:1-2412121806463.627707870571
- Rights
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
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15.08.2025, 7:28 AM CEST
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