A Macro Economy as an Emergent Ecology of Plans
نویسنده
چکیده
Orthodox macro theories reflect a choice-theoretic orientation wherein aggregate variables act directly on one another. Hence, macro phenomena are reduced to the same order of simplicity as micro phenomena. In contrast, this paper explores how macro theory might be pursued when it is recognized that macro phenomena are of a higher order of complexity than micro phenomena. Rather than reducing macro to micro, macro phenomena supervene on micro interaction. Hence, a macro economy is treated as a complex ecology of plans that constitute a non-equilibrium process of spontaneous ordering.
منابع مشابه
A Macro Economy as an Ecology of Plans
Standard macro theories reflect a choice-theoretic orientation wherein aggregate variables are treated as acting directly on one another. Macro phenomena are thus reduced to the same order of simplicity as micro phenomena; macro variables differ from micro variables only by their larger size. In contrast, this paper treats the relationship between micro and macro as non-scalable. Macro phenomen...
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