Macroeconomics as Systems Theory is popular PDF and ePub book, written by Richard E. Wagner in 2020-05-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroeconomics as Systems Theory can be Read Online from any device for your convenience.
Macroeconomics as Systems Theory Book PDF Summary
This book examines macroeconomic theory from an analytical framework provided by theories of complex systems, in contrast to conventional theories founded on aggregation. The resulting difference in analytical perspectives is huge: the macro level of society is not pursued through aggregation over micro entities. To the contrary, the micro-macro relation is treated as one of parts-to-whole, and this relation is approached from within an ecological scheme of thought. A society is a complex ecology of plans. That ecology, however, is not reducible to a single plan. Conventional macro theory presents a national economy as a collection of such aggregate variables as output, employment, investment, and a price level, and seeks to develop theoretical relationships among those variables. In contrast, the social-theoretic approach to macro or social theory in this book treats the standard macro variables as having been shaped through social institutions, conventions, and processes that in turn are generated through interaction among economizing persons. The object denoted as macro is thus of a higher order of complexity than the object denoted as micro.
Detail Book of Macroeconomics as Systems Theory PDF
- Author : Richard E. Wagner
- Release : 03 May 2020
- Publisher : Palgrave Macmillan
- ISBN : 3030444643
- Genre : Business & Economics
- Total Page : 313 pages
- Language : English
- PDF File Size : 15,7 Mb
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