Advertisement

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

Structural Causation Open Aggregation Aggregation Rule Micro Model Context Dependency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin, Heidelberg 1985

Authors and Affiliations

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

Personalised recommendations