Causality and explanation are hot topics in the contemporary philosophy of natural and social sciences. The dissatisfaction with some “classical” accounts of scientific explanation (such as the deductive-nomological or covering law model, or the inductive and deductive statistical explanation) leads philosophers of science to probe the possibilities of causal explanations. However, instead of unanimous notions on causation and explanation, a plethora of concepts emerged.2 This paper argues that four analytical levels may be found in social sciences, including economics –namely, a) a statistical descriptive level, b) a causal explanatory level, c) a teleological explicative level and d) a prescriptive teleological level. Social scienc...