Agency and Causal Explanation in Economics

This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One o

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Peter Róna László Zsolnai Editors

Agency and Causal Explanation in Economics

Virtues and Economics Volume 5 Series Editors Peter Róna, University of Oxford László Zsolnai, Corvinus University of Budapest , St. Giles, Oxford, UK

, Budapest, Hungary

Editorial Advisory Board Helen Alford, Pontifical University of St. Thomas Aquinas (“Angelicum”), Rome,  Italy Luk Bouckaert, Catholic University of Leuven, Belgium Luigino Bruni, LUMSA University, Rome and Sophia University Institute, Loppiano Georges Enderle, University of Notre Dame, USA Carlos Hoevel, Catholic University of Argentina, Buenos Aires, Argentina John Loughlin, Cardiff University, Emeritus Professor, Wales, UK David W. Miller, Princeton University, USA Sanjoy Mukherjee, Rajiv Gandhi Indian Institute of Management, Shillong, India Mike Thompson, GoodBrand, London, CEIBS Shanghai, and University of Victoria, Vancouver, Canada Johan Verstraeten, Catholic University of Leuven, Belgium Stefano Zamagni, University of Bologna, and Johns Hopkins University – SAIS Europe and Pontifical Academy of Social Sciences, Italy

The series is dedicated to virtue ethics and economics. Its purpose is to relocate economic theory to a domain where the connection between the virtues and economic decisions, as that connection is actually experienced in everyday life, is an organic component of theory rather than some sort of an optionally added ingredient. The goal is to help develop a virtue-based economic theory which connects virtues with the contents of economic activities of individuals, unincorporated and incorporated economic agents. The primary context is Catholic Social Teaching but other faith traditions (especially Judaism, Islam, Hinduism, Buddhism, and Confucianism) will also be explored for their construction of virtues in economic action. Special attention will be made to regulatory and policy issues in promoting economic justice. The series connects virtue ethics with the core of economic theory and practice. It examines the basic and irreducible intentionality of human activities concerned with the production, distribution and consumption of goods and services. It considers the incommensurability of values as the central problem of economic decision making and examines whether that problem can be overcome by any means other than practical reason. This series will cover high quality edited volumes and monographs. More information about this series at http://www.springer.com/series/15627

Peter Róna  •  László Zsolnai Editors

Agency and Causal Explanation in Economics

Editors Peter Róna Blackfriars Hall University of Oxford Oxford, UK

László Zsolnai Business Ethics Center Corvinus University of Budapest Budapest, Hungary

ISSN 2520-1794     ISSN 2520-1808 (electronic) Virtues and Economics ISBN 978-3-030-26113-9    ISBN 978-3-030-26114-6 (eBook) https://doi.org/10.1007/978-3-030-26114-6 © The Editor(s) (if applicable) and The Author(s) 2020. This book is an open access publication. Open Access  This book is licensed under the terms of the Creative Common