Causality in Economics

Paul Davidson

Chapter 11 in Inflation, Open Economies and Resources, 1991, pp 115-122 from Palgrave Macmillan

Abstract: Abstract Sir John Hicks has written a methodological tour de force. Despite some blemishes and some omissions, this slim volume helps explain to the intelligent layman and the mainstream economist why economics, despite the establishment of awarding Nobel Prizes in the last decade, has become in the words of The Economist ‘The Unsuccessful Science’ (1979, p. 41).

Keywords: Subjective Probability; Grey Zone; Calendar Time; Spot Price; Mainstream Economist (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11516-7_11

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