Marco is microecon when you hit the boundaries of the closed system.
The problem with modern Western application of Macro is that it just tries to scale up Micro to the size of countries and continents. No consideration for limited lifetime resources, negative externalities, or long term growth rates under deteriorating conditions.
True proper macro economics asks questions about peak oil and pension funding and the real cost of global military conflicts, rather than obsessing itself with next quarter growth figures at the GDP scale.
Macroecnomics is just all the different ways we ruin microeconomics
Marco is microecon when you hit the boundaries of the closed system.
The problem with modern Western application of Macro is that it just tries to scale up Micro to the size of countries and continents. No consideration for limited lifetime resources, negative externalities, or long term growth rates under deteriorating conditions.
True proper macro economics asks questions about peak oil and pension funding and the real cost of global military conflicts, rather than obsessing itself with next quarter growth figures at the GDP scale.