Establishing causality: one view

By Eric Crampton 28/02/2015

Economists agonise, rightly, over causality: how can we tell whether one thing causes another thing rather than the other way round or whether both things might just both caused by some underlying third thing.

Meanwhile, here’s how the debate on causality plays out in the political arena.

Mallard is far from an idiot, but this where public debate on causality is at.

Granger wept.

PS: via Lindsay Tedds – lagged variables don’t cut it either.