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dc.contributor.authorJo, Tae-Heeeng
dc.date.issued2007eng
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.eng
dc.identifier.citationJournal of Interdisciplinary Research, Volume 1, Number 1, pp. 93-111eng
dc.identifier.citationJournal of interdisciplinary research, volume 1, pages 93-111eng
dc.identifier.issn1937-2647eng
dc.identifier.urihttp://hdl.handle.net/10355/10076eng
dc.publisherInterdisciplinary Doctoral Student Council at the University of Missouri- Kansas Cityeng
dc.subjectMacrofoundationeng
dc.subjectMesofoundationeng
dc.subject.lcshMacroeconomics -- Mathematical modelseng
dc.subject.lcshDecision making -- Mathematical modelseng
dc.subject.lcshMathematical optimizationeng
dc.subject.lcshMatriceseng
dc.titleHeterodox Microfoundations: A Methodological Appraisaleng
dc.typeArticleeng


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