Determinism, Causality and Explanation in Economics: An Austrian School Perspective

In recent years, the concepts of determinism, causality, and explanation have taken on particular importance in the economic literature. Due to the failures of economic predictions based on mathematical models, philosophers and economists turned their attention to methodological issues. At the same time, heterodox approaches to economics have received increased attention, including the Austrian school of economics, an intellectual tradition that perceives economics as a science of human act...