With this treatise, an insightful exploration of the probabilistic connection between philosophy and the history of science, the famous economist breathed new life into studies of both disciplines. Originally published in 1921, this important mathematical work represented a significant contribution to the theory regarding the logical probability of propositions. Keynes effectively dismantled the classical theory of probability, launching what has since been termed the “logical-relationist” theory. In so doing, he explored the logical relationships between classifying a proposition as “highly probable” (...) and as a “justifiable induction.” Unabridged republication of the classic 1921 edition. (shrink)

The author finds no support for the claim that J. M. Keynes had severe reservations, in general, as opposed to particular, concerning the application of mathematical, logical and statistical methods in economics. These misinterpretations rest on the omission of important source material as well as a severe misconstrual ofThe Treatise on Probability (1921).

The paper offers a new understanding of induction in the empirical sciences, one which assimilates it to induction in geometry rather than to statistical inference. To make the point a system of notions, essential to logically sound induction, is defined. Notable among them are arbitrary object and particular property. A second aim of the paper is to bring to light a largely neglected set of assumptions shared by both induction and deduction in the empirical sciences. This is made possible by (...) appealing to the logic of common nouns and applying it to the logic of natural-kind terms.This strategy yields a new insight into the concept of natural kinds. While the strategy reveals deep affinity between empirical induction and deduction it also reveals two problems peculiar to induction. This helps to explain the intuition that induction is the more problematic of the two. The paper does not set out ‘to solve the problem of induction’. 1The paper has benefited from the support and critical comments of several friends: Steven Davis, Kevin Dunbar, Anil Gupta, Michael Hallett, Ray Jackendoff and Storrs McCall. Two friends, however, deserve special thanks, Michael Makkai and Gonzalo Reyes. Many of the points made in the paper, otherwise unacknowledged, are due to their generosity and patience. In fact, the paper can be seen as an application of the logic of kinds on which Gonzalo Reyes has been working for several years. (shrink)

The probabilistic corroboration of two or more hypotheses or series of observations may be performed additively or multiplicatively . For additive corroboration (e.g. by Laplace's rule of succession), stochastic independence is needed. Inferences, based on overwhelming numbers of observations without unexplained counterinstances permit hyperinduction , whereby extremely high probabilities, bordering on certainty for all practical purposes may be achieved. For multiplicative corroboration, the error probabilities (1 - Pr) of two (or more) hypotheses are multiplied. The probabilities, obtained by reconverting the (...) product, are valid for both of the hypotheses and indicate the gain by corroboration.. This method is mathematically correct, no probabilities > 1 can result (as in some conventional methods) and high probabilities with fewer observations may be obtained, however, semantical independence is a prerequisite. The combined method consists of (1) the additive computation of the error probabilities (1 - Pr) of two or more single hypotheses, whereby arbitrariness is avoided or at least reduced and (2) the multiplicative procedure . The high reliability of Empirical Counterfactual Statements is explained by the possibility of multiplicative corroboration of "all-no" statements due to their strict semantical independence. (shrink)

The writer of this paper is not an expert on probability from either the mathematical or the philosophical side, but a theoretical physicist forced by the exigencies of work in his own field to make his peace with the concept of probability. The present contribution is a sequel to remarks on two different types of probability in a recent paper on the relation between statistical mechanics and thermodynamics.

This article develops an axiomatic theory of induction that speaks to the recent debate on Bayesian orgulity. It shows the exact principles associated with the belief that data can corroborate universal laws. We identify two types of disbelief about induction: skepticism that the existence of universal laws of nature can be determined empirically, and skepticism that the true law of nature, if it exists, can be successfully identified. We formalize and characterize these two dispositions toward induction by introducing novel axioms (...) for subjective probabilities. We also relate these dispositions to the axiom of σ-additivity. (shrink)

The rosy dawn of my title refers to that optimistic time when the logical concept of a natural kind originated in Victorian England. The scholastic twilight refers to the present state of affairs. I devote more space to dawn than twilight, because one basic problem was there from the start, and by now those origins have been forgotten. Philosophers have learned many things about classification from the tradition of natural kinds. But now it is in disarray and is unlikely to (...) be put back together again. My argument is less founded on objections to the numerous theories now in circulation, than on the sheer proliferation of incompatible views. There no longer exists what Bertrand Russell called ‘the doctrine of natural kinds’—one doctrine. Instead we have a slew of distinct analyses directed at unrelated projects. (shrink)

‘Simplicity’ comes up in different senses in scientific methodology. The simplicity criterion at issue here is relied on in all inductive inference, it’s argued. Therefore, it cannot be inductively...