The Philosophy of Causality in Economics (Causal Inferences and Policy Proposals) - 9780367494353

ISBN: 9780367494353
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Overview

Approximately one in six top economic research papers draws an explicitly causal conclusion. But what do economists mean when they conclude that A ‘causes’ B? Does ‘cause’ say that we can influence B by intervening on A, or is it only a label for the correlation of variables? Do quantitative analyses of observational data followed by such causal inferences constitute sufficient grounds for guiding economic policymaking?

The Philosophy of Causality in Economics addresses these questions by analyzing the meaning of causal claims made by economists and the philosophical presuppositions underlying the research methods used. The book considers five key causal approaches: the regularity approach, probabilistic theories, counterfactual theories, mechanisms, and interventions and manipulability. Each chapter opens with a summary of literature on the relevant approach and discusses its reception among economists. The text details case studies, and goes on to examine papers which have adopted the approach in order to highlight the methods of causal inference used in contemporary economics. It analyzes the meaning of the causal claim put forward, and finally reconstructs the philosophical presuppositions accepted implicitly by economists. The strengths and limitations of each method of causal inference are also considered in the context of using the results as evidence for policymaking.

This book is essential reading to those interested in literature on the philosophy of economics, as well as the philosophy of causality and economic methodology in general.

This book title, The Philosophy of Causality in Economics (Causal Inferences and Policy Proposals) - 9780367494353, ISBN: 9780367494353, by Mariusz Maziarz, published by Taylor & Francis (December 13, 2021) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.

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Product Details

Author:
Mariusz Maziarz
Format:
Paperback
Pages:
222
Publisher:
Taylor & Francis (December 13, 2021)
Language:
English
ISBN-13:
9780367494353
Weight:
11.375oz
Dimensions:
6.125" x 9.1875"
File:
TAYLORFRANCIS-TayFran_240409042511052-20240409.xml
Folder:
TAYLORFRANCIS
List Price:
$63.99
Series:
Routledge INEM Advances in Economic Methodology
Case Pack:
10
As low as:
$57.59
Publisher Identifier:
P-CRC
Discount Code:
H
Audience:
College/higher education
Country of Origin:
United States
Pub Discount:
30

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