IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth
Author(s)/Editor(s): Pantelis C. Kostis (National and Kapodistrian University of Athens, Greece)
Copyright: ©2021
DOI: 10.4018/978-1-7998-4933-9
ISBN13: 9781799849339
ISBN10: 1799849333
EISBN13: 9781799849346

Purchase

View Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth on the publisher's website for pricing and purchasing information.


Description

In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems.

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students.



Body Bottom