Social Subsistence

David Goalstone

Chapter 1 in Macrofoundations of Political Economy and Development, 2007, pp 3-10 from Palgrave Macmillan

Abstract: Abstract Orthodox economics is built upon a microfoundation. Starting with the individual, orthodox economists construct neo-Classical microeconomics. From that base they build their macroeconomics. Unfortunately this dependence upon ‘methodological individualism’ has allowed orthodox economists to ignore factors authentically macro and independent of individual decision making. One such factor is the main theme of this book—survival conditions. A great deal of this topic is authentically macro, where the individual is a misleading or nonsensical level of abstraction.

Keywords: Poor Country; Rich Country; World Country; Corn Seed; Methodological Individualism (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230604315_1

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