Does macroeconomics need microeconomic foundations?

Sergio Da Silva

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. -- Microfoundations ; neuroeconomics ; econophysics

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Year of publication:	2009
Authors:	Silva, Sergio da
Publisher:	[Kiel] : [Kiel Inst. for the World Economy]
Subject:	Mikrofundierung \| Microfoundations \| Neuroökonomie \| Neuroeconomics \| Ökonophysik \| Econophysics

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Extent:	Online-Ressource (PDF-Datei: 12 S.) graph. Darst.
Series:	Economics : the open-access, open-assessment journal. - Berlin : DeGruyter, ISSN 1864-6042, ZDB-ID 2324918-3. - Vol. 3.2009-23
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/27542 [Handle]
Classification:	B22 - Macroeconomics ; B41 - Economic Methodology ; C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; D87 - Neuroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003843048