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Agency And Causal Explanation In Economics
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Book Synopsis Agency and Causal Explanation in Economics by : Peter Róna
Download or read book Agency and Causal Explanation in Economics written by Peter Róna and published by Springer Nature. This book was released on 2019-11-07 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein’s “On Certainty”, but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular.
Book Synopsis Agency and Causal Explanation in Economics by : Peter Róna
Download or read book Agency and Causal Explanation in Economics written by Peter Róna and published by Springer. This book was released on 2020-09-11 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein’s “On Certainty”, but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular.
Book Synopsis Agency and Causal Explanation in Economics by : László Zsolnai
Download or read book Agency and Causal Explanation in Economics written by László Zsolnai and published by . This book was released on 2020-10-08 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein's "On Certainty", but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.
Book Synopsis Causal Explanation and Model Building in History, Economics, and the New Economic History by : Peter D. McClelland
Download or read book Causal Explanation and Model Building in History, Economics, and the New Economic History written by Peter D. McClelland and published by Ithaca, N.Y. : Cornell University Press. This book was released on 1975 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Philosophy of Causality in Economics by : Mariusz Maziarz
Download or read book The Philosophy of Causality in Economics written by Mariusz Maziarz and published by Routledge. This book was released on 2020-05-13 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Making Things Happen by : James Woodward
Download or read book Making Things Happen written by James Woodward and published by Oxford University Press. This book was released on 2005-10-27 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Making Things Happen, James Woodward develops a new and ambitious comprehensive theory of causation and explanation that draws on literature from a variety of disciplines and which applies to a wide variety of claims in science and everyday life. His theory is a manipulationist account, proposing that causal and explanatory relationships are relationships that are potentially exploitable for purposes of manipulation and control. This account has its roots in the commonsense idea that causes are means for bringing about effects; but it also draws on a long tradition of work in experimental design, econometrics, and statistics. Woodward shows how these ideas may be generalized to other areas of science from the social scientific and biomedical contexts for which they were originally designed. He also provides philosophical foundations for the manipulationist approach, drawing out its implications, comparing it with alternative approaches, and defending it from common criticisms. In doing so, he shows how the manipulationist account both illuminates important features of successful causal explanation in the natural and social sciences, and avoids the counterexamples and difficulties that infect alternative approaches, from the deductive-nomological model onwards. Making Things Happen will interest philosophers working in the philosophy of science, the philosophy of social science, and metaphysics, and as well as anyone interested in causation, explanation, and scientific methodology.
Book Synopsis The Routledge Handbook of the Philosophy of Economics by : Conrad Heilmann
Download or read book The Routledge Handbook of the Philosophy of Economics written by Conrad Heilmann and published by Taylor & Francis. This book was released on 2021-11-29 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most fundamental questions of economics are often philosophical in nature, and philosophers have, since the very beginning of Western philosophy, asked many questions that current observers would identify as economic. The Routledge Handbook of Philosophy of Economics is an outstanding reference source for the key topics, problems, and debates at the intersection of philosophical and economic inquiry. It captures this field of countless exciting interconnections, affinities, and opportunities for cross-fertilization. Comprising 35 chapters by a diverse team of contributors from all over the globe, the Handbook is divided into eight sections: I. Rationality II. Cooperation and Interaction III. Methodology IV. Values V. Causality and Explanation VI. Experimentation and Simulation VII. Evidence VIII. Policy The volume is essential reading for students and researchers in economics and philosophy who are interested in exploring the interconnections between the two disciplines. It is also a valuable resource for those in related fields like political science, sociology, and the humanities.
Book Synopsis Elements of Causal Inference by : Jonas Peters
Download or read book Elements of Causal Inference written by Jonas Peters and published by MIT Press. This book was released on 2017-11-29 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise and self-contained introduction to causal inference, increasingly important in data science and machine learning. The mathematization of causality is a relatively recent development, and has become increasingly important in data science and machine learning. This book offers a self-contained and concise introduction to causal models and how to learn them from data. After explaining the need for causal models and discussing some of the principles underlying causal inference, the book teaches readers how to use causal models: how to compute intervention distributions, how to infer causal models from observational and interventional data, and how causal ideas could be exploited for classical machine learning problems. All of these topics are discussed first in terms of two variables and then in the more general multivariate case. The bivariate case turns out to be a particularly hard problem for causal learning because there are no conditional independences as used by classical methods for solving multivariate cases. The authors consider analyzing statistical asymmetries between cause and effect to be highly instructive, and they report on their decade of intensive research into this problem. The book is accessible to readers with a background in machine learning or statistics, and can be used in graduate courses or as a reference for researchers. The text includes code snippets that can be copied and pasted, exercises, and an appendix with a summary of the most important technical concepts.
Book Synopsis Causal Asymmetries by : Daniel M. Hausman
Download or read book Causal Asymmetries written by Daniel M. Hausman and published by Cambridge University Press. This book was released on 1998-07-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, by one of the pre-eminent philosophers of science writing today, offers the most comprehensive account available of causal asymmetries. Causation is asymmetrical in many different ways. Causes precede effects; explanations cite causes not effects. Agents use causes to manipulate their effects; they don't use effects to manipulate their causes. Effects of a common cause are correlated; causes of a common effect are not. This book explains why a relationship that is asymmetrical in one of these regards is asymmetrical in the others. Hausman discovers surprising hidden connections between theories of causation and traces them all to an asymmetry of independence. This is a major book for philosophers of science that will also prove insightful to economists and statisticians.
Book Synopsis The Oxford Handbook of Causation by : Helen Beebee
Download or read book The Oxford Handbook of Causation written by Helen Beebee and published by OUP Oxford. This book was released on 2012-01-12 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt: Causation is a central topic in many areas of philosophy. In metaphysics, philosophers want to know what causation is, and how it is related to laws of nature, probability, action, and freedom of the will. In epistemology, philosophers investigate how causal claims can be inferred from statistical data, and how causation is related to perception, knowledge and explanation. In the philosophy of mind, philosophers want to know whether and how the mind can be said to have causal efficacy, and in ethics, whether there is a moral distinction between acts and omissions and whether the moral value of an act can be judged according to its consequences. And causation is a contested concept in other fields of enquiry, such as biology, physics, and the law. This book provides an in-depth and comprehensive overview of these and other topics, as well as the history of the causation debate from the ancient Greeks to the logical empiricists. The chapters provide surveys of contemporary debates, while often also advancing novel and controversial claims; and each includes a comprehensive bibliography and suggestions for further reading. The book is thus the most comprehensive source of information about causation currently available, and will be invaluable for upper-level undergraduates through to professional philosophers.
Book Synopsis Free Will and Action Explanation by : Scott Robert Sehon
Download or read book Free Will and Action Explanation written by Scott Robert Sehon and published by Oxford University Press. This book was released on 2016 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do we have free will and moral responsibility? Is free will compatible with determinism? Scott Sehon argues that we can make progress on these questions by focusing on an underlying issue: the nature of action explanation. Part I of the book proposes and defends a non-causal account of action and agency, according to which reason explanation of human behavior is irreducibly teleological rather than causal. Part II applies the teleological account of action to free will and responsibility, arguing that the free actions-the ones for which we are directly responsible. It is then argued that this non-causal account of action undermines the appeal of incompatibilist arguments, arguments attempting to show that free will is not compatible with determinism. Beyond this, Sehon argues that the non-causal compatibilist account works well in practice: it is in accord with our clear intuitions about cases, and it both explains and provides guidance in the cases where our intuitions are murkier.
Book Synopsis Why Free Will Is Real by : Christian List
Download or read book Why Free Will Is Real written by Christian List and published by Harvard University Press. This book was released on 2019-05-06 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crystal-clear, scientifically rigorous argument for the existence of free will, challenging what many scientists and scientifically minded philosophers believe. Philosophers have argued about the nature and the very existence of free will for centuries. Today, many scientists and scientifically minded commentators are skeptical that it exists, especially when it is understood to require the ability to choose between alternative possibilities. If the laws of physics govern everything that happens, they argue, then how can our choices be free? Believers in free will must be misled by habit, sentiment, or religious doctrine. Why Free Will Is Real defies scientific orthodoxy and presents a bold new defense of free will in the same naturalistic terms that are usually deployed against it. Unlike those who defend free will by giving up the idea that it requires alternative possibilities to choose from, Christian List retains this idea as central, resisting the tendency to defend free will by watering it down. He concedes that free will and its prerequisites—intentional agency, alternative possibilities, and causal control over our actions—cannot be found among the fundamental physical features of the natural world. But, he argues, that’s not where we should be looking. Free will is a “higher-level” phenomenon found at the level of psychology. It is like other phenomena that emerge from physical processes but are autonomous from them and not best understood in fundamental physical terms—like an ecosystem or the economy. When we discover it in its proper context, acknowledging that free will is real is not just scientifically respectable; it is indispensable for explaining our world.
Book Synopsis Mind, Meaning and Mental Disorder by : Derek Bolton
Download or read book Mind, Meaning and Mental Disorder written by Derek Bolton and published by Oxford University Press, USA. This book was released on 2003 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on philosophical theory and theoretical science, this volume played an important role in bridging the gap between philosophy and psychiatry, and introducing those in psychiatry to philosophical ideas somewhat neglected in their field. This edition addresses key issues in the philosophy of psychiatry.
Book Synopsis Realist Social Theory by : Margaret Scotford Archer
Download or read book Realist Social Theory written by Margaret Scotford Archer and published by Cambridge University Press. This book was released on 1995-10-19 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on her seminal contribution to social theory in Culture and agency, Margaret Archer develops here her morphogenetic approach, applying it to the problem of structure and agency. Since structure and agency constitute different levels of stratified social reality, each possesses distinctive emergent properties which are real and causally efficacious but irreducible to one another. The problem, therefore, is shown to be how to link the two rather than conflate them, as has been common practice - whether in upwards conflation (by the aggregation of individual acts) downwards conflation (through the structural orchestration of agents), or, more recently, in central conflation which holds the two to be mutually constitutive and thus precludes any examination of their interplay by eliding them. Realist social theory: the morphogenetic approach thus not only rejects methodological individualism and collectivism, but argues that the debate between them has been replaced by a new one between elisionary theorizing (such as Giddens' structuration theory) and the emergentist theories based on a realist ontology of the social world. The morphogenetic approach is the sociological complement of transcendental realism, and together they provide a basis for non-conflationary theorizing which is also of direct utility to the practising social analyst.
Download or read book Causal Models written by Steven Sloman and published by Oxford University Press. This book was released on 2005-07-28 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human beings are active agents who can think. To understand how thought serves action requires understanding how people conceive of the relation between cause and effect, between action and outcome. In cognitive terms, how do people construct and reason with the causal models we use to represent our world? A revolution is occurring in how statisticians, philosophers, and computer scientists answer this question. Those fields have ushered in new insights about causal models by thinking about how to represent causal structure mathematically, in a framework that uses graphs and probability theory to develop what are called causal Bayesian networks. The framework starts with the idea that the purpose of causal structure is to understand and predict the effects of intervention. How does intervening on one thing affect other things? This is not a question merely about probability (or logic), but about action. The framework offers a new understanding of mind: Thought is about the effects of intervention and cognition is thus intimately tied to actions that take place either in the actual physical world or in imagination, in counterfactual worlds. The book offers a conceptual introduction to the key mathematical ideas, presenting them in a non-technical way, focusing on the intuitions rather than the theorems. It tries to show why the ideas are important to understanding how people explain things and why thinking not only about the world as it is but the world as it could be is so central to human action. The book reviews the role of causality, causal models, and intervention in the basic human cognitive functions: decision making, reasoning, judgment, categorization, inductive inference, language, and learning. In short, the book offers a discussion about how people think, talk, learn, and explain things in causal terms, in terms of action and manipulation.
Book Synopsis Causation and Explanation by : Stathis Psillos
Download or read book Causation and Explanation written by Stathis Psillos and published by Routledge. This book was released on 2014-12-18 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the nature of causation? How is causation linked with explanation? And can there be an adequate theory of explanation? These questions and many others are addressed in this unified and rigorous examination of the philosophical problems surrounding causation, laws and explanation. Part 1 of this book explores Hume's views on causation, theories of singular causation, and counterfactual and mechanistic approaches. Part 2 considers the regularity view of laws and laws as relations among universals, as well as recent alternative approaches to laws. Part 3 examines the issues arising from deductive-nomological explanation, statistical explanation, the explanation of laws and the metaphysics of explanation. Accessible to readers of all levels, this book provides an excellent introduction to one of the most enduring problems of philosophy.
Book Synopsis Handbook of the Economics of Finance by : G. Constantinides
Download or read book Handbook of the Economics of Finance written by G. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage, State Prices and Portfolio Theory / Philip h. Dybvig and Stephen a. Ross / - Intertemporal Asset Pricing Theory / Darrell Duffle / - Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance / Wayne E. Ferson / - Consumption-Based Asset Pricing / John y Campbell / - The Equity Premium in Retrospect / Rainish Mehra and Edward c. Prescott / - Anomalies and Market Efficiency / William Schwert / - Are Financial Assets Priced Locally or Globally? / G. Andrew Karolyi and Rene M. Stuli / - Microstructure and Asset Pricing / David Easley and Maureen O'hara / - A Survey of Behavioral Finance / Nicholas Barberis and Richard Thaler / - Derivatives / Robert E. Whaley / - Fixed-Income Pricing / Qiang Dai and Kenneth J. Singleton.
