The problem, of course, is that both of those facts can be true, and what is good macroeconomically can be very bad for your personal microeconomy
. Think of it this way: If you lose your job when your typewriter factory is closed in favor of a new facility in Mexico, how much better will you feel after reading an article recounting the latest tally of Microsoft millionaires?
The classical model of competitive capitalism not only failed to solve the problem of power in the microeconomy, but also caused great instability in the macroeconomy.
Collectively, these technostructures and the corporations that they manage provide the private decentralized planning of the microeconomy which supplements the public centralized planning of the macroeconomy.
That is, we conceptualize the family as a microeconomy
, micropolity, and microsociety and consider asymmetries along various dimensions: the relative position of wives and husbands in their resources, their voice in family decisions, and the respect they accord each other.
In China, all of this has led to the development of a thriving microeconomy
that simply didn't exist previously.
The study of repertoire, a subject central to Victorian theatre historiography, corresponds with inquiries about the schedule of (re)investment, the cycles of prosperity within a company and beyond in the microeconomy
of a community willing to support it, and the fluctuating effects (seasonal and longer) on the employment available to women, men, and children.(38) Development of long runs, an issue related to repertoire, takes rather different partners in the social sciences.
In an attempt to determine the impact of marijuana use on worker productivity, Kagel, Battalio, and Miles (1980) created an experimental microeconomy
within which volunteers worked and lived.
was viewed as consistently (or at least tolerably) competitive and, therefore, efficient, in the absence of excessive government intervention.
In the process of moving from chaos to market socialism, building a microeconomy
In crucial areas such as the world economy, or the "microeconomy
" of business, markets, producers, and consumers, we hardly have anything yet that deserves to be called folklore, let alone theory.
is already moving into the hands of self-employed cuentapropistas and small businesses, while subsidies are being eliminated and a market-based economy is starting to dominate.
and events in the microeconomy
. ..."(126) For example, productivity is a central economic problem today, unlike 50 years ago when Keynes could assume that productivity would take care of itself.