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From:
"Colander, David C." <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Mon, 29 Aug 2011 17:07:57 +0000
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I think the majority of the profession would see micro as fundamental and macro as less fundamental--big micro. 

I have argued that the issue is more complicated, and that the two need to be considered simultaneously--micro issues in a macro context, and macro issues in a micro context.  Thus, I did a paper back in 1993 (EEJ) http://ideas.repec.org/a/eej/eeconj/v19y1993i4p447-457.html  on the Macro Foundations to Micro.  Doing a search on Post Walrasian will direct you to writing on the topic since then.   That view sees the economy as a complex evolving system which is beyond grand theorizing, and being discovered from building up from the parts.  While such a view is shared by a number of economists, it is definitely not the mainstream position in macro today. 

Dave


David Colander
CAJ Distinguished Professor of Economics
Department of Economics
Middlebury College
Middlebury, Vermont, 05753
(802-443-5302)


-----Original Message-----
From: Societies for the History of Economics [mailto:[log in to unmask]] On Behalf Of Gabriel Martinez
Sent: Monday, August 29, 2011 11:55 AM
To: [log in to unmask]
Subject: [SHOE] is macro prior to micro?

Dear All,

Could anyone point me to the literature on the debate over whether we
should think of Microeconomics or Macroeconomics as the fundamental
aspect of the discipline?

Gabriel Martinez

Associate Professor and Chairman                  239-280-1611
Department of Economics            [log in to unmask]
Ave Maria University            www.avemaria.edu/economics

5050 Ave Maria Boulevard, Ave Maria, Florida 34142-9505

"truth cannot be contrary to truth; ... truth often seems contrary to
truth; 
... we must be patient with such appearances, and not be hasty 
to pronounce them to be really of a more formidable character" (JH
Newman)

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