Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Macroeconomics without micro

Argazkia: Yumtan / Flickr (CC BY-SA 2.0)
Argazkia: Yumtan / Flickr (CC BY-SA 2.0)

The Consumer Price Index (CPI) declines back to its position in the case of the Spanish State, which is already below the 2% established by the current economic doctrine. The evolution of underlying inflation is slower, but, well, policy makers have been satisfied and announced that economic growth will be somewhat higher than expected. Production will be cheaper than a year ago, as the price of energy is reduced.

The same data should allow the worker who has done the year in fatigue to breathe. In the confidence that the increase in CPI decreases the price increase, it should have a higher purchasing power than a year ago with the same wage. But it won't. It goes one more part of the salary to pay the mortgage, the rents have not gone down, the fluctuations of the CPI in the amount of light and the gas bill do not apply automatically…

Oikos and nomos, house and administrator. Economy, ability to manage home well. Hegemonic economic theories have long broken the original meaning of the economy. But beyond that, the rupture lies in the difference between macro and micro.

Macroeconomic indicators do not reflect or take into account what happens in small-scale economic activity in households, in peoples. Therefore, macro analysis policies are not oriented or directed towards households, peoples and small-scale economic activity. New indicators, tools to analyze the economic situation with other edges, bases and objectives..., once again, fill the work holiday pants.


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