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Economics from the Top Down: Does Hierarchy Unify Economic Theory
What is the unit of analysis in economics? The prevailing orthodoxy in mainstream economic theory is that the individual is the ultimate unit of analysis. The implicit goal of mainstream economics is to root macro-level ...
Human activity, energy & money in the United States: connecting the biophysical economy with its pecuniary image
There is no consensus, in political economy, about the exact relationship between the biophysical and the pecuniary spheres. This paper enters into the debate by asking the following question: how can a biophysical approach ...