Determinism Causality And Explanation In Economics
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Determinism Causality And Explanation In Economics
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Author : Dawid Megger
language : en
Publisher: Taylor & Francis
Release Date : 2025-06-27
Determinism Causality And Explanation In Economics written by Dawid Megger and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-27 with Business & Economics categories.
In recent years, the concepts of determinism, causality, and explanation have taken on particular importance in the economic literature. Due to the failures of economic predictions based on mathematical models, philosophers and economists turned their attention to methodological issues. At the same time, heterodox approaches to economics have received increased attention, including the Austrian school of economics, an intellectual tradition that perceives economics as a science of human action and has emphasised the role of causal explanations practically from its inception. This book opens by exploring disputes in the philosophy of science over the fundamental goal of science. While instrumentalists argue that scientists should aim at good predictions regardless of the veracity of theories, according to scientific realists, they should look for knowledge that reflects reality. The book shows that the Austrian tradition adheres to scientific realism and can be perceived as a middle ground between historicism and positivism. It discusses the determinism/free will problem in economics and its methodological relevance. Then, it examines various theories of causality (regularity, counterfactual, interventionist, probabilistic, and process/mechanistic) and their applicability to economics. Finally, it explores possible and desirable types of explanations in economics. As the book tries to show, the Austrian school offers a unique and valuable approach to these issues. The book will be of particular interest to readers in economic theory, philosophy of economics, and economic methodology, especially those appreciating heterodox traditions.
Agency And Causal Explanation In Economics
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Author : Peter Róna
language : en
Publisher: Springer Nature
Release Date : 2019-11-07
Agency And Causal Explanation In Economics written by Peter Róna and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-07 with Philosophy categories.
This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein’s “On Certainty”, but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular.
Routledge Handbook Of Macroeconomic Methodology
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Author : Jesper Jespersen
language : en
Publisher: Taylor & Francis
Release Date : 2023-06-20
Routledge Handbook Of Macroeconomic Methodology written by Jesper Jespersen and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-20 with Business & Economics categories.
The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible. The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics. An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.
Complex Knowledge For Innovation In Economic And Social Development
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Author : Rafael M. Gutierrez
language : en
Publisher: Austin Macauley Publishers
Release Date : 2024-10-31
Complex Knowledge For Innovation In Economic And Social Development written by Rafael M. Gutierrez and has been published by Austin Macauley Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-31 with Social Science categories.
The solution to the significant modern problems that impede the development of human society demands a cultural evolution based on knowledge. All the necessary disciplinary tools already exist; it is only essential to organize them into a coherent interdisciplinary complexity encompassing natural, social, and human sciences. However, ignorance, in its most modern forms, conveniently disperses the diversity of disciplinary knowledge, transforming complementary differences into conflicts, the potential of diversity into the injustice of prejudice, and the power of complexity into the realm of complication. Human beings have the capacity to imagine and innovate their own future, to solve and dissolve with enlightenment the problems they have created in their ignorance, to liberate themselves and take responsibility, to develop values, and to create a coherent and objective vision of the world. They can imagine and build a synergy of personal and social futures, developing both in a sustainable way. Modern interdisciplinary knowledge clearly shows that the future of humanity can be bright if it manages to consistently integrate natural, social, and human knowledge, overcoming the power of modern forms of ignorance that separate them and create artificial conflicts.
The Philosophy Of Causality In Economics
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Author : Mariusz Maziarz
language : en
Publisher: Routledge
Release Date : 2020-05-13
The Philosophy Of Causality In Economics written by Mariusz Maziarz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-13 with Business & Economics categories.
Approximately one in six top economic research papers draws an explicitly causal conclusion. But what do economists mean when they conclude that A ‘causes’ B? Does ‘cause’ say that we can influence B by intervening on A, or is it only a label for the correlation of variables? Do quantitative analyses of observational data followed by such causal inferences constitute sufficient grounds for guiding economic policymaking? The Philosophy of Causality in Economics addresses these questions by analyzing the meaning of causal claims made by economists and the philosophical presuppositions underlying the research methods used. The book considers five key causal approaches: the regularity approach, probabilistic theories, counterfactual theories, mechanisms, and interventions and manipulability. Each chapter opens with a summary of literature on the relevant approach and discusses its reception among economists. The text details case studies, and goes on to examine papers which have adopted the approach in order to highlight the methods of causal inference used in contemporary economics. It analyzes the meaning of the causal claim put forward, and finally reconstructs the philosophical presuppositions accepted implicitly by economists. The strengths and limitations of each method of causal inference are also considered in the context of using the results as evidence for policymaking. This book is essential reading to those interested in literature on the philosophy of economics, as well as the philosophy of causality and economic methodology in general.
Sociobiology And The Preemption Of Social Science
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Author : Alexander Rosenberg
language : en
Publisher: JHU Press
Release Date : 2019-12-01
Sociobiology And The Preemption Of Social Science written by Alexander Rosenberg and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-01 with Science categories.
Originally published in 1981. Why have the social sciences in general failed to produce results with the ever-increasing explanatory power and predictive strength of the natural sciences? In seeking an answer to this question, Alexander Rosenberg, a philosopher of science, plunges into the controversial discipline of sociobiology. Sociobiology, Rosenberg asserts, deals in those forces governing human behavior that traditional social science has unsuccessfully attempted to slip between: neurophysiology, on the one hand, and selective forces, on the other. Unlike previous works in the two fields it straddles, Rosenberg's book brings thinking about the nature of scientific theorizing to bear on the most traditional issues in the philosophy of social science. The author finds that the subjects of conventional social science do not reflect the operation of laws that social scientists are equipped to discover. The author argues that much of the debate surrounding sociobiology is irrelevant to the issue of its ultimate success. Although largely conceptual, the book is an unequivocal defense of this new theory in the explanation of human behavior.
The Political Economy Of Cooperatives And Socialism
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Author : Bruno Jossa
language : en
Publisher: Routledge
Release Date : 2019-10-10
The Political Economy Of Cooperatives And Socialism written by Bruno Jossa and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-10 with Business & Economics categories.
This book argues that capitalism cannot be said to be truly democratic and that a system of producer cooperatives, or democratically managed enterprises, is needed to give rise to a new mode of production which is genuinely socialist and fully consistent with the ultimate rationale underlying Marx’s theoretical approach. The proposition that firms should be run by the workers on their own, was endorsed by John Dewey, the greatest social thinker of the twentieth century, but is also shared by Marxists such as Anton Pannekoek, Karl Korsch, Angelo Tasca, Antonio Gramsci and Richard Wolff. This book explores the history of this argument taking in concepts from economic and political thought including historical materialism, cooperation, utopianism and economic democracy. The book will be of significant interest to scholars and students of political economy, Marxism, socialism, history of economic thought and political theory.
Foundations Of Trusted Autonomy
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Author : Hussein A. Abbass
language : en
Publisher: Springer
Release Date : 2018-01-15
Foundations Of Trusted Autonomy written by Hussein A. Abbass and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-15 with Technology & Engineering categories.
This book establishes the foundations needed to realize the ultimate goals for artificial intelligence, such as autonomy and trustworthiness. Aimed at scientists, researchers, technologists, practitioners, and students, it brings together contributions offering the basics, the challenges and the state-of-the-art on trusted autonomous systems in a single volume. The book is structured in three parts, with chapters written by eminent researchers and outstanding practitioners and users in the field. The first part covers foundational artificial intelligence technologies, while the second part covers philosophical, practical and technological perspectives on trust. Lastly, the third part presents advanced topics necessary to create future trusted autonomous systems. The book augments theory with real-world applications including cyber security, defence and space.
Verification In Economics And History
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Author : Omar F. Hamouda
language : en
Publisher: Routledge
Release Date : 2012-11-12
Verification In Economics And History written by Omar F. Hamouda and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.
Attitudes and methods derived from the hard sciences have become increasingly commonplace in the human and social sciences. Whilst this 'scientifization' process has undoubtedly fostered the growth of knowledge within history and economics, these are disciplines where verification, as practised in the pure sciences, is not appropriate. This book, first published in 1991, argues constructively for a new interpretation of scientific verification within economics and history.
Economics And Other Disciplines
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Author : Ricardo F. Crespo
language : en
Publisher: Routledge
Release Date : 2017-05-18
Economics And Other Disciplines written by Ricardo F. Crespo and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-18 with Business & Economics categories.
During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.