Microfoundations delusion: metaphor and dogma in the history of macroeconomics

By:

"King, J. E."

Material type: Text

TextPublication details: Cheltenham; Edward Elgar; 2012Description: 293pISBN:

9781849803175

Subject(s):

Macroeconomics

DDC classification:

339.09 KIN

Summary: In this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have 'rigorous microfoundations'. He draws on both the philosophy of science and the history of economic thought to demonstrate the dangers of foundational metaphors and the defects of micro-reduction as a methodological principle. Strong criticism of the microfoundations dogma is documented in great detail, from some mainstream and many heterodox economists and also from economic methodologists, social theorists and evolutionary biologists. The author argues for the relative autonomy of macroeconomics as a distinct 'special science', cooperating with but most definitely not reducible to microeconomics. The Microfoundations Delusion will prove a stimulating and thought-provoking read for scholars, students and researchers in the fields of economics, heterodox economics and history of economic thought.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	339.09 KIN (Browse shelf(Opens below))	Available		153365

Total holds: 0

Browsing Gandhi Smriti Library shelves Close shelf browser (Hides shelf browser)

Previous								Next
Previous	339 TAY Reconstructing macraeconomics: structuralist proposals and critiques of the mainstream	339 TAY 5th ed. Principles of macroeconomics	339 TOG New economy and macroeconomic stability	339.09 KIN Microfoundations delusion: metaphor and dogma in the history of macroeconomics	339.2 DEA Great escape : health, wealth and the origins of inequality	339.2 EGA Egalitarianism	339.20941 KIN When the money runs out	Next

In this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have 'rigorous microfoundations'.
He draws on both the philosophy of science and the history of economic thought to demonstrate the dangers of foundational metaphors and the defects of micro-reduction as a methodological principle. Strong criticism of the microfoundations dogma is documented in great detail, from some mainstream and many heterodox economists and also from economic methodologists, social theorists and evolutionary biologists. The author argues for the relative autonomy of macroeconomics as a distinct 'special science', cooperating with but most definitely not reducible to microeconomics.

The Microfoundations Delusion will prove a stimulating and thought-provoking read for scholars, students and researchers in the fields of economics, heterodox economics and history of economic thought.

There are no comments on this title.

to post a comment.