Limit search to available items
Book Cover
E-book
Author Maziarz, Mariusz

Title The Philosophy of Causality in Economics : Causal Inferences and Policy Proposals
Published Milton : Taylor & Francis Group, 2020

Copies

Description 1 online resource (223 pages)
Series Routledge INEM Advances in Economic Methodology Ser
Routledge INEM Advances in Economic Methodology Ser
Contents Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Contents -- Preface and acknowledgment -- 1 Introduction -- 1.1 The meaning of causality -- 1.2 On referentialist semantics, case studies, and the choice of sample -- 1.3 The structure of the book -- 2 Regularities -- 2.1 Reducing causality to constant conjunctions -- 2.1.1 From constant conjunctions to the regularity view of laws -- 2.1.2 Further developments -- 2.1.3 Criticism and rejection of the regularity view -- 2.1.4 The regularity approach in the philosophy of economics
2.2 Establishing constant regularities -- 2.2.1 Econometric research -- 2.2.2 Cliometrics -- 2.2.3 Other methods -- 2.3 Policymaking on the basis of regularities -- 2.3.1 Cliometric results and (failed) interventions -- 2.3.2 Is theory-driven econometrics more reliable? -- 2.4 You shall not translate causal claims -- 3 Causality as changes in conditional probability -- 3.1 Probabilistic theories of causality -- 3.1.1 The menu of probabilistic definitions -- 3.1.2 Criticism and further differences -- 3.1.3 Probabilistic causality in the philosophy of economics
3.2 Testing for probabilistic dependencies -- 3.2.1 Causal inference from time-series data -- 3.2.2 Atheoretical, cross-sectional models -- 3.3 The common-cause fallacy and policy actions -- 3.4 Policymaking based on limited knowledge of causal structure -- 4 Counterfactuals -- 4.1 Counterfactual conditionals and causality -- 4.1.1 Classical formulation -- 4.1.2 Recent developments -- 4.1.3 Counterfactuals in the philosophy of economics -- 4.1.4 Philosophical views on inferring counterfactuals -- 4.2 Counterfactuals and causal inference in economics
4.2.1 What would be the level of economic development if a stimulus were not introduced? -- 4.2.2 Case study of the influence of intellectual property on R & D -- 4.3 Counterfactuals and economic policymaking -- 4.4 Counterfactuals for the sake of knowledge or policymaking? -- 5 Mechanisms -- 5.1 The mechanistic theories of causality -- 5.1.1 What is a causal mechanism? -- 5.1.2 What are the mechanisms suitable for? -- 5.1.3 Mechanisms in the philosophy of economics -- 5.2 Developing mechanistic models -- 5.2.1 A purely theoretical model -- 5.2.2 Calibrated theoretical models
5.2.3 The DSGE framework -- 5.2.4 Qualitative inference of mechanisms -- 5.3 Using mechanistic evidence for policy -- 5.3.1 From possibility to actuality: mechanist's circle -- 5.3.2 Actual mechanisms and external influences -- 5.3.3 The advantage of mechanistic evidence -- 5.4 Mechanisms as evidence for institutional reforms -- 6 Interventions and manipulability -- 6.1 The manipulationist theories and philosophical problems of experimentation -- 6.1.1 Manipulationist theories and their pitfalls -- 6.1.2 The manipulability account in economic methodology
Notes 6.2 Experimental and quasi-experimental research designs in economics
Print version record
Form Electronic book
ISBN 9781000069105
1000069109