id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_5x7lu2qzzvf3roisp5h5ut2hna	Peter Skott	Pluralism, the Lucas Critique, and the Integration of Macroeconomics and Microeconomics	2014	15	.pdf	application/pdf	6022	471	59	Key words: micro foundations, pluralism, old Keynesian theory, Kaleckian investment function. Heterodox economists are united in the rejection of the mainstream approach to micro foundations, but some of the problems and divisions � The claim that economic behavior is goal oriented, has an intertemporal dimension, and is in�uenced by expectations; household consumption, � The recommendation that in the face of these instability problems, economic models should be based on explicit microeconomic optimization 2With the additional recommendations that economic modelers impose rational expectations and that policy makers follow predictable rules. Like other post-Keynesian theories, the Kaleckian growth model regards the The benchmark Kaleckian model, however, describes a dual economy in which a shock to the saving rate shifts the long-run Goal oriented behavior is often formalized mathematically as constrained optimization. Dow (2007), among others, de�nes the divide between mainstream and heterodox schools primarily in terms of mathematical formalism:	./cache/work_5x7lu2qzzvf3roisp5h5ut2hna.pdf	./txt/work_5x7lu2qzzvf3roisp5h5ut2hna.txt