Abstract
Causal notions arise when we seek to understand the workings of a complex system by analysing it into component subsystems and mechanisms. Thus, if we wish to understand the quantities of strawberries that are produced and consumed and the prices at which they are exchanged, we may consider a number of mechanisms that affect quantity and price. What mechanisms we will include depends on how widely we draw the boundaries of the system to be examined.
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Bibliography
Goldberger, A.S., and O.D. Duncan. 1973. Structural equation models in the social sciences. New York: Academic.
Hood, W.C., and T.C. Koopmans. 1953. Studies in econometric method. New York: Wiley.
Simon, H.A. 1977. Causes and possible worlds. Section 2. In Models of discovery, ed. H.A. Simon. Dordrecht: D. Reidel.
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Simon, H.A. (2018). Causality in Economic Nodels. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_410
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DOI: https://doi.org/10.1057/978-1-349-95189-5_410
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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