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From:
[log in to unmask] (Nitasha Kaul)
Date:
Fri Mar 31 17:19:02 2006
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----------------- HES POSTING ----------------- 
 
John Hicks in 1979 book causality in economics, on page 9 says the following, 
 
"Which brings me back to economics. When Adam Smith called his book An 
Inquiry into the Nature and Causes of the Wealth of Nations, he must have 
been thinking in terms of the New Causality". 
 
What Hicks means by new causality is that causality is viewed in relation to explanation,
after the onset of the Enlightenment, as opposed to old causality which viewed causality
in relation to responsibility.  Hicks believes that New causality is linked to searching
for laws or generalisations on the basis of which one can assert something about the
causes of events.
 
Nitasha Kaul 
 
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