Talk:Microeconomic reform

This page has been hijacked to discuss economic reform in general, e.g., the structural reforms in China. People probably aren't bright enough to make the distinction (it might not even be a well-motivated one), so should we split this into two pages?

Mk270 (talk) 10:25, 6 March 2011 (UTC)

External links modified

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Microeconomic reform or Mesoeconomic reform? Suggestion

Microeconomics (from Greek prefix mikro- meaning "small" + economics) is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

The article states that it is focused on microeconomic reform or in its view is often just economic reform which it defines as policies directed to achieve improvements in economic efficiency, either by eliminating or reducing distortions in individual sectors of the economy or by reforming economy-wide policies such as tax policy and competition policy with an emphasis on economic efficiency, rather than other goals such as equity or employment growth.

This is not microeconomics. It isn't Macroeconomics either as macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, corporations, governments and households, and the different types of markets, such as the financial market and the labour market. Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies.

Arguably it could be construed as Mesoeconomics subject matter. Mesoeconomics or Mezzoeconomics is a neologism used to describe the study of economic arrangements which are not based either on the microeconomics of buying and selling and supply and demand, nor on the macroeconomic reasoning of aggregate totals of demand, but on the importance of the structures under which these forces play out, and how to measure these effects. In this case, as the articlec discusses the efficiency of the middle layer of the economy, sectors.

I would propose keeping the original content but relabeling (Move with redirects) and editing the article as mesoeconomic reforms. This would be consistent with the aims of the article and consistent with the other economic articles. Cheers. Risk Engineer (talk) 13:59, 22 September 2019 (UTC)

References