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Micro-Macro Links and Microfoundations in Sociology focuses on two main issues in sociology. Firstly, how macro-conditions can explain macro-outcomes mediated by actor behaviour at the micro-level (micro-macro links). Secondly, how alternative micro-models affect macro-outcomes (microfoundations). The contributions reflect key features of micro-macro modelling in sociology as well as recent progress in this field. The chapters address core features of explanations of social phenomena using micro-macro models, the problem of cooperation, heterogeneity of actors, structural balance, opinion formation, segregation, and problems of micro-macro models that are based on rational choice assumptions. Moreover, the contributions show how different research methods can be applied fruitfully, such as laboratory experiments, equilibrium analysis, and agent-based modelling. As a result, the book can be a guide for graduate students who want to develop their skills in building micro-macro models. In addition, the book provides specialists of the different substantive research areas with up-to-date new developments in their research area. This book was originally published as a special issue of Journal of Mathematical Sociology.
Micro-Macro Links and Microfoundations in Sociology focuses on two main issues in sociology. Firstly, how macro-conditions can explain macro-outcomes mediated by actor behaviour at the micro-level (micro-macro links). Secondly, how alternative micro-models affect macro-outcomes (microfoundations). The contributions reflect key features of micro-macro modelling in sociology as well as recent progress in this field. The chapters address core features of explanations of social phenomena using micro-macro models, the problem of cooperation, heterogeneity of actors, structural balance, opinion formation, segregation, and problems of micro-macro models that are based on rational choice assumptions. Moreover, the contributions show how different research methods can be applied fruitfully, such as laboratory experiments, equilibrium analysis, and agent-based modelling. As a result, the book can be a guide for graduate students who want to develop their skills in building micro-macro models. In addition, the book provides specialists of the different substantive research areas with up-to-date new developments in their research area. This book was originally published as a special issue of Journal of Mathematical Sociology.
The work of fifteen nationally and internationally known theorists in sociology, this volume demonstrates an exciting new trend in sociological thinking. Each essay proposes a link between the two distinguishable traditions of sociological theory--the microscopic, which stresses the self and the interaction among persons, and the macroscopic, which concentrates on the institutional, cultural, and societal levels. Each mode of analysis has had its champions, and the proponents of each have often taken positions of polemic opposition to one another.
Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.
The notion of microfoundations has received growing interest in neo-institutional theory along with an increasing interest in microfoundational research in disciplines such as strategic management and organizational economics.
In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.
This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.
In economics, business, and government policy, innovation policy requires the creation of new approaches based on insight in what happens in innovation processes, on the micro level of people, firms and interaction between them. In innovation policy it should also be recognized that innovation entails a whole range of activities beyond R&D, such as entrepreneurship, design, commercialization, organization, collaboration and the diffusion of knowledge and innovations . This edited volume explores the roles of individuals and organizations involved in the creation and application of innovations. Covering topics as diverse as the macro-economic importance of innovation, theories of knowledge and learning, entrepreneurship, education and research, organizational innovation, networks and regional innovation systems, Micro-Foundations for Innovation Policy provides critical insights into the development of innovation policy.
This book argues that societies are complex dynamical systems that can be understood through the concept of emergence.
Click ′Additional Materials′ for downloadable samples The Encyclopedia of Social Theory is an indispensable reference source for anyone interested in the roots of contemporary social theory. It examines the global landscape of all the key theories and the theorists behind them, presenting them in the context needed to understand their strengths and weaknesses. Theories covered include • Critical Theory • Enlightenment • Ethnomethodology • Exchange Theory • Feminism • Marxist Theory • Multiculturalism • Phenomenology • Postmodernism • Rational Choice • Structural Fundamentalism Led by internationally renowned scholar George Ritzer, the Encyclopedia of Social Theory draws together a team of more than 200 international scholars covering the developments, achievements, and prospects of social theory from its inception in the 18th century to the present. Understanding that social theory can both explain and alter the social world, this two-volume set serves as not only a foundation for learning, but also an inspiration for creative and reflexive engagement with the rich range of ideas it contains. Key Themes • American Social Theory • British Social Theory • Comparative and Historical Theory • Cultural Theory • Economic Sociology • Feminist Theory • French Social Theory • German Social Theory • Macrosociological Theories • Marxist and Neo-Marxist Approaches • Method and Metatheory • Network and Exchange Theories • Other/Multiple National Traditions • Politics and Government • Postmodern Theory • Psychoanalytic Theory • Schools and Theoretical Approaches • Symbolic Interaction and Microsociology • Theorists • Topics and Concepts in Social Theory Key Features • More than 300 entries from fourteen countries • Master Bibliography • Reader′s Guide • Extensive biographical coverage of major theorists • Extensive cross-referencing