000			01484cam a2200181 a 4500
008			120313s2012 enk b 001 0 eng d
020			_a9781849803175 (hbk.)
020			_a184980317X (hbk.)
050	0	0	_aHB172.5 _b.K564 2012
082	0	4	_a339.09
100	1		_aKing, J. E.
245	1	4	_aThe microfoundations delusion : _bmetaphor and dogma in the history of macroeconomics / _cJ.E. King.
260			_aCheltenham ; _aNorthampton, MA : _bEdward Elgar, _cc2012.
300			_a285p.
520			_aIn this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have 'rigorous microfoundations'. He draws on both the philosophy of science and the history of economic thought to demonstrate the dangers of foundational metaphors and the defects of micro-reduction as a methodological principle. Strong criticism of the microfoundations dogma is documented in great detail, from some mainstream and many heterodox economists and also from economic methodologists, social theorists and evolutionary biologists. The author argues for the relative autonomy of macroeconomics as a distinct 'special science', cooperating with but most definitely not reducible to microeconomics. The Microfoundations Delusion will prove a stimulating and thought-provoking read for scholars, students and researchers in the fields of economics, heterodox economics and history of economic thought.
650		0	_aMacroeconomics _xHistory.
942			_cBK
999			_c3424 _d3424