According to a popular interpretation, Carnap’s interpretation of probability had evolved from a logical towards a subjective conception. However Carnap himself insisted that his basic philosophical view of probability was always the same. I address this apparent clash between Carnap's self-identification and the subsequent interpretations of his work. Following its original intentions, I reconstruct inductive logic as an explication. The emerging picture is of a versatile linguistic framework, whose main function is not the discovery of objective logical relations in the (...) object language, but the stipulation of conceptual possibilities. Within this representation, I map out the changes that the project went through. Seen from such an explication-based perspective, inductive logic becomes quite hard to categorize using the standard labels. (shrink)