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-Radkowitsch

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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Citations: View citations in EconPapers (4)

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https://www.jku.at/fileadmin/gruppen/108/ICAE_Working_Papers/wp37.pdf First version, 2015 (application/pdf)

Related works:
Working Paper: The micro-macro link in heterodox economics (2024)
Working Paper: The micro-macro link in heterodox economics (2024)
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