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The Genetic-Causal Tradition and Modern Economic Theory

  • Cowan, Robin
  • Rizzo, Mario J

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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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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