Causal Structures in Econometrics

@inproceedings{Cartwright1995CausalSI,
  title={Causal Structures in Econometrics},
  author={Nancy Cartwright},
  year={1995}
}
There has recently been a renewal of interest among economists, especially econometricians, in deep versus shallow parameters, autonomous versus confluent equations, and fundamental versus phenomenological laws. What is at stake in these concerns is not the truth of various findings of economics but rather their range of reliability. The worry is that the parameters that we can measure are shallow, while the laws that we can establish are, in the terms of one of the founders of econometrics… CONTINUE READING