2017
DOI: 10.1387/theoria.16184
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Socioeconomic processes as open-ended results. Beyond invariance knowledge for interventionist purposes

Abstract: In this paper a critique to Cartwright's approaches of capacities and nomological machines is carried out.This approaches share the idea that invariant knowledge is crucial for achieving policy purposes. However, it is shown that socioeconomic processes do not fit to the logic of stable causal factors, but they are more suited to the logic of "open-ended results". On the basis of this ontological variation it is argued that ex-ante interventions are not appropriate in the socioeconomic realm. On the contrary, … Show more

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Cited by 5 publications
(2 citation statements)
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“…Drawing on this holistic reality, Leonardo Ivarola (2017) argues that, since people's actions are the necessary bridge in any causal relationship between economic variables, each of the latter can make different causal contributions depending on how factors, both endogenous and exogenous to the subjects, influence their actions once the variable has been activated. To use his example, an increase in the quantity of money (causal variable) may either increase the national income of a country, or lead to a rise in the general level of prices, or even have no impact in the observed macroeconomic variables (possible effects), depending on the people's actions connecting cause and effect.…”
Section: Holistic Openness Instability and Uncertaintymentioning
confidence: 99%
“…Drawing on this holistic reality, Leonardo Ivarola (2017) argues that, since people's actions are the necessary bridge in any causal relationship between economic variables, each of the latter can make different causal contributions depending on how factors, both endogenous and exogenous to the subjects, influence their actions once the variable has been activated. To use his example, an increase in the quantity of money (causal variable) may either increase the national income of a country, or lead to a rise in the general level of prices, or even have no impact in the observed macroeconomic variables (possible effects), depending on the people's actions connecting cause and effect.…”
Section: Holistic Openness Instability and Uncertaintymentioning
confidence: 99%
“…The prevailing result will depend on how people form their expectations, how they interpret information from the economic and politi-Theoria 33/3 (2018): 417-433 cal world, the socio-cultural framework, the changes in the social and economic structures, etc. (Ivarola 2017).…”
Section: Ontological Assumption: the Existence Of Stable Causal Factorsmentioning
confidence: 99%