The structural account of causation derives inter alia from Herbert Simon’s work on causal order and was developed in Hoover’s Causality in Macroeconomics and earlier articles. A substantial reworking of its key scheme for the representation of causal relationships based on invariant...

The dominant view among macroeconomists is that macroeconomics reduces to microeconomics - both in the sense that all macroeconomic phenomena arise out of microeconomic phenomena and in the sense that macroeconomic theory - to the extent that it is correct - can be derived from microeconomic...