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Essay / Research Paper Abstract
This 3 page paper examines the economy and how cause and effect enters the picture. Theory is presented. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA913cae.rtf
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Unformatted sample text from the term paper:
the market tank, or what made the market rally on a particular day. Each night, experts make the talk show circuits to try to explain the events of the day.
Sometimes, they seem to hit it on the mark and agree, but most often there is disagreement. This leads one to speculate on the cause and effect of the economy.
Are there true causal agents or is there no rhyme or reason to economic issues? When it comes to the idea of cause and effect, most think that something
causes something else. One can say that an individual drops a ball and then the ball rolls. The dropping caused the ball to roll. But possibly, if the ball were
dropped differently, the ball might go in a different direction. Similarly, someone might say that the cause of a fire is a match, but some point to the person who
lit the match. There is also something in philosophy referred to as simultaneous cause and effect. Many areas of economics see things as occurring at the same time. Did Obamas
speech cause the Dow to fall? Some may say yes, but there is really no proof of the causality of the market to change due to something a politician says.
The cause and effect relationship is something that is often discussed in philosophy. Hume in fact claimed that his interest in causal microeconomics is tied to that of a detached
philosopher and a would be policy advisor (Hoover, 2001). It is quite difficult to pinpoint cause and effect in regard to those things. Many economists do not see economics as
being associated with a cause and effect relationship. However, one economist by the name of Granger does to an extent provide a sense of how cause and effect exists in
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