30 January 2011

Micro and Macro

he meant that macro is a trivial extension of micro. It is the
Austrian economists who are well-known for emphasizing micro:

Here's the economist Bernard Guerrien on micro ("Is there anything
worth keeping in micro?"): http://ping.fm/uCeOR .

You can't really say that Guerrien and the Austrian economists are
opposed 180 degrees, since both dislike the emphasis on mathematics,
which they think encourages people to accept ideas uncritically mainly
in the form of the assumptions that are made when making the


No comments: