ABSTRACT:
The need to define microeconomic foundations for macroeconomic models, which is present in the mainstream thinking in contemporary economics, can be questioned on the basis of different theoretical approaches. Positions like those of Marx and Keynes permit the comprehension of the actions of economic agents (groups or classes) as influenced and limited by the social and macroeconomic environment, providing views of macroeconomic foundations of microeconomics, instead of the orthodox view of microfoundations of macroeconomics. This comprehension sheds light on distinct perspectives in heterodox thought regarding the intervention in the macroeconomic context.
KEYWORDS:
Marx; Keynes; macrofoundations; heterodoxy
