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Macroeconomics as Systems Theory: Transcending the Micro-Macro Dichotomy

Macroeconomics as Systems Theory: Transcending the Micro-Macro Dichotomy

Hardcover

EconomicsGeneral Political Science

ISBN10: 3030444643
ISBN13: 9783030444648
Publisher: Palgrave Macmillan
Published: May 3 2020
Pages: 313
Weight: 1.10
Height: 0.80 Width: 7.60 Depth: 8.60
Language: English

This book examines macroeconomic theory from an analytical framework provided by theories of complex systems, in contrast to conventional theories founded on aggregation. The resulting difference in analytical perspectives is huge: the macro level of society is not pursued through aggregation over micro entities. To the contrary, the micro-macro relation is treated as one of parts-to-whole, and this relation is approached from within an ecological scheme of thought. A society is a complex ecology of plans. That ecology, however, is not reducible to a single plan.

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