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Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers >
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| Title: | | Does Macroeconomics Need Microeconomic Foundations?  |
| 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: | |  |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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