Re: Query on teminology, was Re: . . .labor/gender issues/corpor...

[JKSCHW@xxxxxxx]

In a message dated 9/14/00 6:45:48 PM Eastern Daylight Time, cbcox@xxxxxxxxx
writes:

<< Could someone explain for non-economists the terms
 Micro- and Macro-economics. When did they arise?
 Are they tied to any particular theory/theories of economics
 or of the purpose of economics? Etc?
  >>

Micro economics, basically price theory, is so called because it deals with
market equilibriations based on small scale interactions--sales,
purchases--that are aggregated. Macro economics concerns government economic
activities designed to regulate unhappy effects of otherwise unchecked
markets--it was due to Keynes in the main. I don't know where the specific
terms came from or when they came into use--sometime in 50's, I should think.
I can't recall reading them earlier. --jks