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 idea, widespread today, of the need to seek micro-foundations for macroeconomics.The authors argue berness white sneakers 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 bostik mvp to science and economic debate, in which, ideally, there should be room for a great pluralism of ideas and theoretical currents.