Abstract
This chapter sets out to argue that there is nothing particularly disreputable in doing macroeconomic analysis even if no explicit microeconomic foundation is available. It will be argued, in fact, that macroeconomic laws might possess a certain degree of independence from their microeconomic underpinnings, and that analogies between microeconomic and macroeconomic laws might be misleading.
Willst du dich am Ganzen erquicken, So mußt du das Ganze im Kleinsten erblicken.
Johann Wolfgang Goethe
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© 1985 Springer-Verlag Berlin, Heidelberg
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Schlicht, E. (1985). The Nature of Macroeconomic Laws. In: Isolation and Aggregation in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-70298-3_5
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DOI: https://doi.org/10.1007/978-3-642-70298-3_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-70300-3
Online ISBN: 978-3-642-70298-3
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