The Economy of Knowing - by Aishwarya Khanduja
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Why Metascience Needs Micro and Macro
Why Metascience Needs Micro and Macro by Aishwarya Khanduja (Analogue Group) and Stuart Buck (Good Science Project) For more than 80 years, economics has distinguished between microeconomics (how individual actors make decisions) and macroeconomics (how those decisions aggregate into large-scale patterns).1 This distinction has proven so valuable that we’ve forgotten how confusing economics was before it. This micro/macro distinction enabled different methodologies, different types of evidence, and different policy levers. It revealed that what happens at the individual level can look…
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