IDEAS home Printed from https://ideas.repec.org/a/bla/scotjp/v41y1994i2p176-93.html
   My bibliography  Save this article

Causality and Determinism in Economics

Author

Listed:
  • Drakopoulos, Stavros A
  • Torrance, Thomas S

Abstract

A great deal of recent methodological discussion in economics and econometrics has been dominated by the question of the appropriate role of the concepts of causality and determinism. This paper traces the evolution of these two notions in recent economics literature, and seeks to appraise the current range of professional opinion. Positively, the paper argues that since developments in twentieth-century microphysics have largely discredited the old deterministic paradigm within the physical sciences, the persistence of this paradigm in the social sciences must be viewed as scientifically untenable. Within economics, causality should be understood in the context of open systems and of inherently probabilistic explanations. Copyright 1994 by Scottish Economic Society.

Suggested Citation

  • Drakopoulos, Stavros A & Torrance, Thomas S, 1994. "Causality and Determinism in Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(2), pages 176-193, May.
    • Handle: RePEc:bla:scotjp:v:41:y:1994:i:2:p:176-93
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bellino , Enrico & Nerozzi, Sebastiano, 2015. "Causality and interdependence in Pasinetti’s works and in the modern classical approach," Centro Sraffa Working Papers CSWP10, Centro di Ricerche e Documentazione "Piero Sraffa".
    2. Mariana Kaneva, 2019. "Telecommunications infrastructure and GDP /Jipp curve/," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 1, pages 6-29.
    3. Bellino, Enrico & Nerozzi, Sebastiano, 2013. "Causality and interdependence in Pasinetti's works and in the modern classical approach," MPRA Paper 52179, University Library of Munich, Germany.
    4. Erdal Atukeren, 2008. "Christmas cards, Easter bunnies, and Granger-causality," Quality & Quantity: International Journal of Methodology, Springer, vol. 42(6), pages 835-844, December.
    5. Piercarlo Frigero, 2017. "Reconsidering Communication Regarding Economic Phenomena. Some Hints from a Complexity Approach," Working papers 040, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:scotjp:v:41:y:1994:i:2:p:176-93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sesssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.