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You can’t base macroeconomics on microeconomics
Manage episode 435518991 series 3475482
Macroeconomics suggests how governments work. But at present it’s almost all based on microeconomics, which is about how individuals, households and companies work. But that’s absurd when micro entities and governments are completely different as to purpose, goals and the tools available to change outcomes. No wonder we’re in a mess.
137 odcinków
Manage episode 435518991 series 3475482
Macroeconomics suggests how governments work. But at present it’s almost all based on microeconomics, which is about how individuals, households and companies work. But that’s absurd when micro entities and governments are completely different as to purpose, goals and the tools available to change outcomes. No wonder we’re in a mess.
137 odcinków
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