The Nature of Macroeconomic Laws

  • Ekkehart Schlicht

Abstract

This chapter sets out to argue that there is nothing particularly disreputable in doing macroeconomic analysis even if no explicit microeconomic foundation is available. It will be argued, in fact, that macroeconomic laws might possess a certain degree of independence from their microeconomic underpinnings, and that analogies between microeconomic and macroeconomic laws might be misleading.

Keywords

Propen Income Assure Defend Rounding Error 

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Copyright information

© Springer-Verlag Berlin, Heidelberg 1985

Authors and Affiliations

  • Ekkehart Schlicht
    • 1
  1. 1.Institut für VolkswirtschaftslehreTechnische Hochschule DarmstadtDarmstadtGermany

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