Mikropodstawy prawdziwe i fałszywe

• Authors: Krzysztof Turowski

Title variants

EN

Microfoundations: true and false

• Languages of publication: PL

Abstracts

EN

This article presents an overview and critique of the two leading macroeconomic approaches from the last 70 years: reasoning using high-level aggregates detached from individuals and their choices, and modeling using so-called microfoundations. We judge the validity of both methods, showing their inherent limits and deficiencies as explanatory and predictive tools of economics. We also underline several vital improvements, which are required if the models are supposed to guide policy decisions – even if this means a more modest and less conceited approach.

Keywords

PL

metodologia ekonomii; makroekonomia; mikropodstawy; DSGE; historia myśli ekonomicznej

EN

history of economic thought; micofoundations; DSGE; macroeconomics; methodology of economics

• Publisher: Copernicus Center Press
• Journal: Zagadnienia Filozoficzne w Nauce
• Year: 2019
• Issue: 67
• Pages: 15-59

Dates

published

2019-11-18

Contributors

author

Krzysztof Turowski