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The Micro-Macro Link in Heterodox Economics

Claudius Graebner () and Jakob Kapeller ()
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Claudius Graebner: Institute for Institutional and Innovation Economics (iino), University of Bremen, Germany, https://claudius-graebner.com/

Authors registered in the RePEc Author Service: Claudius Gräbner ()

No 37, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

Abstract: This paper provides an introduction to a unifying heterodox approach to the micro-macro link in economics. We emphasize the analytical problems that may arise from popular misunderstandings about the relationship of individual and aggregate level and thereby illustrate why a thorough understanding of aggregation and aggregates in science is necessary In a second step we show that the different heterodox approaches to the micro-macro link in economics are not only consistent, but complementary to each other and allow for a concise treatment of the micro-macro link based on a set of shared fundamental principles. We then argue that the central pillars of different heterodox conceptions of the micro-macro link can be subsumed under a common philosophical umbrella labeled 'systemism'. This umbrella is a useful device helping to explore the commonalities and differences in various heterodox approaches to the micro-macro link in economics. We argue that systemism can serve as a common denominator for the different approaches, enabling mutual communication and comparability.

Keywords: Systemism; epistemology; complexity; aggregation (search for similar items in EconPapers)
Pages: 22 pages
Date: 2015-07
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Persistent link: https://EconPapers.repec.org/RePEc:ico:wpaper:37

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