Comrade 2020-12-21 (Mon) 05:23:16 No. 2543
microeconomics is basically pseudoscience on the same tier as Jungian psychoanalysis. it’s all just speculation without any falsifiability. I don’t think it’s intentional, just that lolberts and neolibs are too divorced from reality to see it.
Comrade 2020-12-21 (Mon) 05:23:17 No. 2552
>>2543 I understand that as the majority of microeconomics, and economics as a whole, is divorced from political economy. Microeconomics particularly ignores any repucussions to society; instead focusing on a framework of atomised firms. Ideology is left to fill in gaps. Particularly, the emhasis on exchange value ("commodity fetishism") which I would argue the majority of macroeconomics seems to make the mistake as well. The gravitas of value is simply underestimated at best.
Comrade 2020-12-21 (Mon) 05:23:58 No. 2937
Micro/macro split has been shrinking in relevance since the Lucas critique. It isn't really a thing anymore.
Comrade 2020-12-21 (Mon) 05:24:02 No. 2959
>>2937 US colleges still split into separate classes
Comrade 2020-12-21 (Mon) 05:24:02 No. 2960
>>2959 They're different lenses suited for different problems but micro still acknowledges the wider society and macro still acknowledges the individual. The perspectives aren't at odds.