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Analytical integration of the micro and macroeconomy: theoretical-methodological reflections

Abstract

Based on a synthesis of alternative theoretical contributions to mainstream economics - Simon, Keynes (and post-keynesians), Kalecki, Schumpeter (and neo-schumpeterians) and the theory of complexity -, this paper discusses some of the limits to the progress of economics, as a science and a foundation for constructing policies, imposed by an approach based on the premises of maximization and equilibrium. It is suggested that some of the possibilities of advancement are left open by the overcoming of these premises, pointing especially to one that would be an appropriate theory to the object of the economic science, the micro-macrodynamic approach, considering its dynamic and complex nature.

Keywords:
Economics; Maximization; Equilibrium; Complexity; Micro-macrodynamic

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