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Conceptual Anomalies in Economics and Statistics
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Details

  • Page extent: 384 pages
  • Size: 228 x 152 mm
  • Weight: 0.652 kg

Library of Congress

  • Dewey number: 330/.01/51
  • Dewey version: 19
  • LC Classification: HB135 .N47 1989
  • LC Subject headings:
    • Economics, Mathematical
    • Mathematical statistics

Library of Congress Record

Hardback

 (ISBN-13: 9780521304443 | ISBN-10: 052130444X)

Do economics and statistics succeed in explaining human social behaviour? To answer this question. Leland Gerson Neuberg studies some pioneering controlled social experiments. Starting in the late 1960s, economists and statisticians sought to improve social policy formation with random assignment experiments such as those that provided income guarantees in the form of a negative income tax. This book explores anomalies in the conceptual basis of such experiments and in the foundations of statistics and economics more generally. Scientific inquiry always faces certain philosophical problems. Controlled experiments of human social behaviour, however, cannot avoid some methodological difficulties not evident in physical science experiments. Drawing upon several examples, the author argues that methodological anomalies prevent microeconomics and statistics from explaining human social behaviour as coherently as the physical sciences explain nature. He concludes that controlled social experiments are a frequently overrated tool for social policy improvement.

Contents

Preface; Introduction; Part I. Statistical Logics: 1. J. S. Mill and some philosophical underpinnings of controlled experimentation; 2. R. A. Fisher, randomization, and controlled experimentation; 3. Some special difficulties of controlled social experiments; 4. Hume’s problem of induction in modern statistical inference and controlled experimentation; Part II. Economic Logics: 5. Problems with a rationalist account of classical mechanics; 6. Microeconomics striving to be a classical-mechanics-like science; 7. The income maintenance experiments: microeconomic science or scientism?; 8. Microeconomics striving to be deontology; Conclusion; Appendix; References; Symbols and abbreviations; Index.

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