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The Genetic-Causal Tradition and Modern Economic Theory

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  • Cowan, Robin
  • Rizzo, Mario J

Abstract

This paper is an analysis of a specific tradition of causal thinking in economics--this was most self-consciously developed in the work of the Austrian school but spilled over into other approaches. Genetic-causal explanations place emphasis, inter alia, on processes in time, emanating from changes in agents' desires and beliefs. The authors present a brief history of this approach, outline its major characteristics, differentiate genetic-causal explanation from other kinds of explanation, and illustrate the approach in mid- and late-twentieth century economic theory. Copyright 1996 by WWZ and Helbing & Lichtenhahn Verlag AG

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 49 (1996)
Issue (Month): 3 ()
Pages: 273-317

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Handle: RePEc:bla:kyklos:v:49:y:1996:i:3:p:273-317

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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Cited by:
  1. Peter Abell & Teppo Felin & Nicolai Foss, 2007. "Building Micro-Foundations for the Routines, Capabilities, and Performance Links," DRUID Working Papers 07-02, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  2. Ehret, Michael, 2014. "Financial socialism: The role of financial economics in economic disorganization," Journal of Business Research, Elsevier, vol. 67(1), pages 2686-2692.
  3. Chad Seagren, 2011. "Examining social processes with agent-based models," The Review of Austrian Economics, Springer, vol. 24(1), pages 1-17, March.
  4. Paul Lewis, 2005. "Structure, agency and causality in post-revival Austrian economics: tensions and resolutions," Review of Political Economy, Taylor & Francis Journals, vol. 17(2), pages 291-316.
  5. Boettke, Peter, 2010. "From neuro-Hayekians to subjectivist Hayekians: a reply to Horwitz and Koppl," MPRA Paper 33605, University Library of Munich, Germany.
  6. Anthony Endres, 2013. "Is the economics of time and ignorance a “classic”?," The Review of Austrian Economics, Springer, vol. 26(1), pages 17-25, March.

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