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dc.contributor.authorJo, Tae-Hee
dc.date.issued2007
dc.description.abstractThis paper examines underlying methodological commitments in orthodox and heterodox approaches to micro and macro. Identifying methodological advantages and drawbacks of existing microfoundations, macrofoundations, and mesofoundations, I uphold the need for the heterodox microfoundations of macroeconomics which is centered on the casual mechanisms of an economic system. By this, we are capable of analyzing micro- and macroreality which are recursively interrelated. In addition, the fallacy of macroreductionism and central-reductionism can be avoided. One way of articulating the heterodox microfoundations is to utilize a circular production input-output matrix of a capitalist system combined with the price system. Such a framework is consistent with heterodox economics at the methodological and theoretical level.en_US
dc.identifier.citationJournal of Interdisciplinary Research, Volume 1, Number 1, pp. 93-111en
dc.identifier.citationJournal of interdisciplinary research, volume 1, pages 93-111eng
dc.identifier.issn1937-2647
dc.identifier.urihttp://hdl.handle.net/10355/10076
dc.publisherInterdisciplinary Doctoral Student Council at the University of Missouri- Kansas Cityen
dc.subjectMacrofoundationen
dc.subjectMesofoundationen
dc.subject.lcshMacroeconomics -- Mathematical modelsen
dc.subject.lcshDecision making -- Mathematical modelsen
dc.subject.lcshMathematical optimizationen
dc.subject.lcshMatricesen
dc.titleHeterodox Microfoundations: A Methodological Appraisalen_US
dc.typeArticleen_US


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