Agency and Causal Explanation in Economics

Peter Róna (Hrsg.), László Zsolnai (Hrsg.)

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Geisteswissenschaften, Kunst, Musik / Allgemeines, Lexika


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.

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Stoic Economics, Critical realist theory, Social causation and agency, Nature of causation and agency in social life, Ontological differences between natural and social objects, Critical Realism’s explanatory approach, Consequences of the ontological differences, Ontological difference between physical and social reality, Free Will & Empirical Arguments for Epiphenomenalism, Workings of causal and agency relationships, Open Access, Uses and Abuses of Rational Choice Theory, Predictable Human Economic Behaviour, Argument from social and economic anthropology, Causality in nature as compared to social life, Agency and Causation in Marx