Assessing Causal Economic Explanations
Recent years have witnessed a growing interest in causal realism in the methodology of economics. Some of this literature reflects a strong skepticism 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? Copyright 1998 by Royal Economic Society.
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Volume (Year): 50 (1998)
Issue (Month): 2 (April)
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