{"title":"Does Macroeconomics Need Microeconomic Foundations","authors":"Sergio Da Silva","doi":"10.5018/ECONOMICS-EJOURNAL.JA.2009-23","DOIUrl":null,"url":null,"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.","PeriodicalId":53338,"journal":{"name":"Economics-The Open Access Open-Assessment E-Journal","volume":"3 1","pages":"1-11"},"PeriodicalIF":0.8000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.5018/ECONOMICS-EJOURNAL.JA.2009-23","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics-The Open Access Open-Assessment E-Journal","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.5018/ECONOMICS-EJOURNAL.JA.2009-23","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 8
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.
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