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| Author: | Runde, J. |
| Title: | Assessing causal economic explanations |
| Journal: | Oxford Economic Papers
1998 : APR, VOL. 50:2, p. 151-172 |
| Index terms: | ECONOMICS METHODOLOGY CAUSALITY LITERATURE |
| Language: | eng |
| Abstract: | Recent years have witnessed a growing interest in causal realism in the methodology of economics. Some of this literature reflects a strong scepticism about the existence of sharp event-regularities or 'laws' in the economic realm and, accordingly, about the prospects for the covering-law approach to explanation that dominates modern economic theory. This paper outlines an alternative, causal, approach to economic explanation and attempts to answer an important question often asked about it: how should causal economic explanations be assessed ? |
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