Summing Up

Hiroshi Yoshikawa ()
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Hiroshi Yoshikawa: University of Tokyo

Chapter Chapter 8 in Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand, 2022, pp 203-206 from Springer

Abstract: Abstract This chapter sums up the argument that the standard microfoundations for macroeconomics based on optimization of economic agents are wrong and that the most important constraint on the macroeconomy is aggregate demand.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-981-19-5264-7_8

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DOI: 10.1007/978-981-19-5264-7_8

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