Article
The Genetic-Causal Tradition and Modern Economic Theory
Kyklos
(1996)
Abstract
This paper is an analysis of a specific tradition of causal thinking in economics: the genetic-causal tradition. 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
Keywords
- causation,
- genetic-causal,
- processes,
- equilibrium
Disciplines
Publication Date
February, 1996
Citation Information
Mario Rizzo. "The Genetic-Causal Tradition and Modern Economic Theory" Kyklos Vol. 49 Iss. 3 (1996) Available at: http://works.bepress.com/mario_rizzo/6/