search query: @author Rizzo, M. J. / total: 1
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| Author: | Cowan, R. Rizzo, M. J. |
| Title: | The genetic-causal tradition and modern economic theory |
| Journal: | Kyklos
1996 : VOL. 49:3, p. 273-317 |
| Index terms: | ECONOMIC THEORY HISTORY OF ECONOMIC THOUGHT KEYNESIAN SCHOOL |
| Language: | eng |
| Abstract: | This paper is an analysis of a specific tradition of causal thinking in economics: the genetic-causal tradition. (This concept has nothing to do with the science of genetics but with origins or 'genesis'). The tradition was most self- consciously followed in the work of the Austrian School, but spilled over into other approaches. Causes are viewed as forces that originate change ('originating causes') rather than simply sustain a current state of affairs. Hence, in this view, causation, change, processes and time are interrelated. Thus genetic-causal explanations place emphasis, inter alia on temporal processes resulting in change and emanating from changes in agents' desires and beliefs. |
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