I examine the role of explaining variance in the construction of explanator
y theory. Explaining variance can be an insufficient basis for evaluating a
theory (Lieberson, 1985). Starting with this insight, I suggest that model
s that provide explanations of variance do not necessarily provide good exp
lanations of causal mechanisms. I then explore the utility of process model
s anti theories (Mohr, 1982) relative to variance theories. I clarify the r
ole of stochastic processes in such model building and discuss the implicat
ions of such processes for evaluating explanatory "adequacy." Under some co
nditions, explaining variance may be neither a necessary nor a sufficient c
ondition for good explanatory theory. I then identify some implications of
this argument for developing and analyzing explanatory theory. These argume
nts are applied to two examples: (1) meta-analysis and (2) the disposition
Versus situation debate (a variant on the nature versus nurture argument) t
o illustrate the implications of this process theory point of view.