We studied the direction of causality in the Israeli apple market by studying prices of the Granny Smith variety of apple. The Granny Smith was chosen because its sweet-sour taste makes the price less sensitive than in other apple varieties. We used standard procedures of the Granger causality...

This paper deals with the analysis of the nature of economic relations from the perspective of Mario Bunge's idea of causality. According to Bunge, causality cannot be regarded as the universal connection of phenomena. The application of Bunge's concept to economics leads to the development of...