Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27484 
Year of Publication: 
2009
Series/Report no.: 
Economics Discussion Papers No. 2009-3
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
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: 
cc-by-nc Logo
Document Type: 
Working Paper

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