Causality in Economics.
HICKS John Richard (1979.)
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First US edition. 8vo. Original burgundy cloth, spine lettered in gilt and green, dust jacket. A fine copy. New York, Basic Books.
A later work by the Nobel Prize winning economist Sir John Richard Hicks in which he 'entered ground normally reserved for philosophers and statisticians' (New Palgrave). Prompted by Hicks's 'dissatisfaction with the 1974 International Economic Association conference on 'The Micro-foundations of Macroeconomics'. Hicks’s definition of causality is reminiscent of Hume, but without the idea that the validity of induction is importantly involved. The last chapter provides a statement of Hicks’s views on the meaning of probability and on econometric methodology' (New Palgrave).
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