DOAJ Open Access 2022

The irreducibility of macro to microeconomics: a methodological approach

LUIZ CARLOS BRESSER-PEREIRA GILBERTO TADEU LIMA

Abstrak

ABSTRACT This paper criticizes the idea, widespread today, of the need to seek micro-foundations for macroeconomics. The authors argue that these two fields of economics, micro and macroeconomics, use different methodological approaches. Microeconomics deals with economic problems according to a logical-deductive methodology, while macroeconomics is more characterized by a historical-inductive approach. The attempt to reduce macroeconomics to microeconomics, or vice versa, brings only an impoverishment to science and economic debate, in which, ideally, there should be room for a great pluralism of ideas and theoretical currents.

Topik & Kata Kunci

Economics as a science

Penulis (2)

LUIZ CARLOS BRESSER-PEREIRA

GILBERTO TADEU LIMA

Format Sitasi

APA MLA BibTeX

BRESSER-PEREIRA, L.C., LIMA, G.T. (2022). The irreducibility of macro to microeconomics: a methodological approach. https://doi.org/10.1590/0101-31571996-0956

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Informasi Jurnal

Tahun Terbit: 2022
Sumber Database: DOAJ
DOI: 10.1590/0101-31571996-0956
Akses: Open Access ✓