Resource title

Does Macroeconomics Need Microeconomic Foundations?

Resource image

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Resource description

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.

Resource author

Sergio Da Silva

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/27484

Resource license

Adapt according to the presented license agreement and reference the original author.