On economic paradigms, rhetoric and the micro-foundations of macroeconomics

Artikel

This paper considers from a methodological point of view why disputes in macroeconomics over its fundamental assumptions regularly occur. It analyses the problem first using Kuhn's concept of the paradigm and then draws on McCloskey's use of rhetorical analysis. It finds the latter of limited help due to the problem of incommensurability between paradigms. It concludes with a discussion of the debate over the need for rethinking the issue and rigour of micro-foundations in macroeconomic theory, notably in terms of the representative agent model.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 11 ; Year: 2014 ; Issue: 1 ; Pages: 53-66

Classification and Topics

• Classification: Wirtschaft
• Subject: paradigm ; rhetoric ; representative agent model ; macroeconomic methodology

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): McCombie, John S.L. ; Negru, Ioana
• Event: Veröffentlichung
• (who): Edward Elgar Publishing
• (where): Cheltenham
• (when): 2014

Further information

• DOI: doi:10.4337/ejeep.2014.01.05
• Handle: http://hdl.handle.net/10419/277290
• Last update: 10.03.2025, 11:41 AM CET