I am interested in understanding the interaction between interpretation and explanation in social sciences in general and in economics particularly.
It is argued that interpretation is pervasive in all methodologies, even in physical sciences. However, as I understand, interpretation cannot escape subjectivity: the interpretation must reflect knowledge and understanding of the interpreter. For example, some interpret recessions as crucial parts of the business cycle, but other interpret it in other ways. Yet, we tend to be interested more in what causes the phenomenon, or finding the explanation of it.
My question is then this: What is the relation between interpretation and explanation? How can these two be thought of in particular in context of economics? I have senses that they can't go without the other, but are there any sources of reading in this topic?