By Kevin D. Hoover
Monetary technique more often than not specializes in microeconomic conception. The technique of Empirical Macroeconomics breaks new floor by means of focusing in its place at the actual difficulties that come up for macroeconomists attempting to relate concept to info. It demonstrates that with cautious awareness to real macroeconomic perform, financial method and the philosophy of technology support to solve difficulties confronted by way of operating macroeconomists. a few concerns addressed are: the connection among theoretical versions and empirical observations; microfoundations for macroeconomics; the scope and nature of financial legislation, the function of idealizations, methodological individualism, and the matter of causality.
"I think that this publication accomplishes its major mission--relating the philosophy of technology to sensible macroeconomic issues." -