The macro/micro split is institutionalized in economics, from beginning courses in “principles of economics” through to postgraduate studies. Economists commonly consider themselves microeconomists or ...

I rather agree with the conclusion here, that macroeconomics is dead. But I distinctly disagree with the reasons used to reach the conclusion, that there is no invisible hand. One of the best-kept ...

In economics, the term "macro environment" refers to the economic conditions that apply to the broader environment. This differs from what is called the "micro environment," which refers to ...

The recent short-lived strike by U.S. dock workers and port operators highlighted the inherent and persistent tension between what benefits individuals (micro effects) and what may better serve an ...

Yet ask any two economists – macro, micro, whatever – whether raising the minimum wage will reduce employment for the low skilled, and odds are you will get two answers. Sometimes more.

There is an important lesson about making cutting edge economics accessible here. Auction theory uses very tough mathematics to grind out results. But micro theorists also work hard on the ...

Single markets often are not confined to single countries; the global market for petroleum is an obvious example. The macro/micro split is institutionalized in economics, from beginning courses in ...