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Macro-analysis, regulation and the method: an alternative to the methodological holism and individualism to a historical and institutionalist macro-economy

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  • Miguel Bruno

Abstract

The paper examines the epistemological conditions that make the “regulationist” macro-analysis a possible alternative to the traditional equilibrium approaches. It shows how these analyses allow to overcome the structure-agent dilemma as from the concept of contextual rationality and of a hol-individualist methodology that, combined with the notion of strong historicity, find wide theoretical basis in Bourdieu's sociology, in Braudel's works on economical history and in Lukács's ontology on the social being. The paper also explains its historical origins and concludes with a synthesis of the method and the necessary steps to accomplish this type of macroeconomics approach. JEL Classification: B41; B40; B59; E19.

Suggested Citation

  • Miguel Bruno, 2005. "Macro-analysis, regulation and the method: an alternative to the methodological holism and individualism to a historical and institutionalist macro-economy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 25(4), pages 337-356.
    • Handle: RePEc:ekm:repojs:v:25:y:2005:i:4:p:337-356:id:646
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    More about this item

    Keywords

    Economic methodology; “regulationist” macro-analysis; regulation school; contextual rationality; methodological holism; methodological individualism; epistemological problems of economics;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other

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