What kind of Microeconomic Foundations of Macroeconomics are necessary?

  • Erich Streissler
Part of the Other International Economic Association Publications Series book series (IEA)


To begin with, it is easier to state what the microeconomic foundations of macroeconomics should not be. Basically the whole discussion about the need for a microeconomic foundation of macroeconomics is the expression first of a revolt against, and then of a partial return to, figures of thought symbolised (for me) by the Marshallian concept of a ‘representative firm1.


Business Cycle Credit Rationing Excess Demand Full Employment Global Constraint 
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Copyright information

© The International Economic Association 1977

Authors and Affiliations

  • Erich Streissler
    • 1
  1. 1.University Of ViennaUSA

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