The irreducibility of macro to microeconomics: a methodological approach

The irreducibility of macro to microeconomics: a methodological approach

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ABSTRACT This paper criticizes the click here 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 biomat for sale 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.