Showing 6 Result(s)

Micro-Mezo-Macro

From the evolutionary perspective, one cannot directly sum micro into macro. Instead, an economic system can be conceived as a set of meso units, where each meso consists of a rule and its population of actualizations. The proper analytical structure of evolutionary economics is in terms of micro–meso–macro. The upshot is an ontologically coherent framework for analysis of economic evolution as a growth of knowledge process.

Continue Reading