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Title:Does Macroeconomics Need Microeconomic Foundations? PDF Logo
Authors:Da Silva, Sergio
Issue Date:2009
Series/Report no.:Economics Discussion Papers / Institut für Weltwirtschaft 2009-3
Abstract:The author argues 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.
Subjects:Microfoundations
neuroeconomics
econophysics
JEL:C82
B41
B22
D87
Creative Commons License:http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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