Microfoundations

@article{Denis2016Microfoundations,
  title={Microfoundations},
  author={Andy Denis},
  journal={Review of Political Economy},
  year={2016},
  volume={28},
  pages={134 - 152}
}
  • A. Denis
  • Published 2 January 2016
  • Philosophy
  • Review of Political Economy
ABSTRACT This paper argues that the microfoundations programme can be understood as an implementation of an underlying methodological principle—methodological individualism—and that it therefore shares a fundamental ambiguity with that principle, viz, whether the macro must be derived from and therefore reducible to, or rather consistent with, micro-level behaviours. The pluralist conclusion of the paper is not that research guided by the principle of microfoundations is necessarily wrong, but… 

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