The place of induction in the framing and test of scientific hypotheses is investigated. The meaning of 'induction' is first equated with generalization on the basis of case examination. Two kinds of induction are then distinguished: the inference of generals from particulars (first degree induction), and the generalization of generalizations (second degree induction). Induction is claimed to play a role in the framing of modest empirical generalizations and in the extension of every sort of generalizations--not however in the invention of (...) high-level hypotheses containing theoretical predicates. It is maintained, on the other hand, that induction by enumeration is essential in the empirical test of the lowest-level consequences of scientific theories, since it occurs in the drawing of "conclusions" from the examination of empirical evidence. But it is also held that the empirical test is insufficient, and must be supplemented with theorification, or the expansion of isolated hypotheses into theories. Refutation is not viewed as a substitute for confirmation but as its complement, since the very notion of unfavorable case is meaningful only in connection with the concept of positive instance. Although the existence of an inductive method is disclaimed, it is maintained that the various patterns of plausible reasoning (inductive inference included) are worth being investigated. It is concluded that scientific research follows neither the advice of inductivism nor the injunction of deductivism, but takes a middle course in which induction is instrumental both heuristically and methodologically, although the over-all pattern of research is hypothetico-deductive. (shrink)

Current debates between behavioural and orthodox economists indicate that the role and epistemological status of first principles is a particularly pressing problem in economics. As an alleged paragon of extreme apriorism, the methodology of Austrian economics in Mises’ tradition is often dismissed as untenable in the light of modern philosophy. In particular, the defence of the so-called fundamental axiom of praxeology—“Man acts.”—by means of pure intuition is almost unanimously rejected. However, in recently resurfacing debates, the extremeness of Mises’ epistemological position (...) has been called into question. Rather than directly engaging in these exegetical discussions, this paper aims to substantiate the possibility and plausibility of conventionalist defences of praxeology per se. The proposed shift includes settling for an analytic fundamental axiom and acknowledging the prima facie tenability of other research programs than praxeology. Since conventionalist praxeology is only moderately aprioristic, mainstream economists and philosophers might be more likely to engage in fruitful discussions with those Austrian scholars who elaborate pragmatic arguments for praxeology instead of invoking pure intuition. (shrink)

Louis Loeb has argued that Hume is pessimistic while Peirce is optimistic about the attainment of fully stable beliefs. In contrast, we argue that Hume was optimistic about such attainment but only if the scope of philosophical investigation is limited to first-order explanatory questions. Further, we argue that Peirce, after reformulating the pragmatic maxim to accommodate the reality of counterfactuals, was pessimistic about such attainment. Finally, we articulate and respond to Peirce's objection that Hume's skeptical arguments in T 1.4.1 and (...) his commitment to common sense indicate that Hume was confused about whether we could have stable beliefs at all. (shrink)

The following questions are discussed here. Is induction a reasonable procedure in the context of a denial of physically necessary connections? What is physical necessity? If induction does presuppose physical necessity, what amount of it is presupposed? It is argued that with logic as the only restriction on what is to count as a possible world, it is unreasonable to claim that observed connections, whether universal or statistical, will continue to hold. The concept of physical necessity is no more problematic (...) than that of logical necessity, once it is recognized that the necessity of physical and logical necessity is the same. A variant of Keynes' principle of limited independent variety answers the question of the amount of physical necessity presupposed. (shrink)

Es gibt kein logisch gültiges Induktionsverfahren. Induktion ist Extrapolation von bisher erfahrenen Einzeltatsachen auf künftige. Die Zukunft ist aber selbst schon eine Extrapolation, keine Erfahrungstatsache, sondern Erwartung. Um sich nicht bloß auf historische Erkenntnis beschränken zu müssen, ist es unentbehrlich, die Voraussetzung zu machen, daß unter gleichen Bedingungen das Gleiche erfolgt. Auf Grund dieser Voraussetzung läßt sich deduktiv ableiten, was induktiv erwiesen werden sollte, aber nicht möglich ist. Logisch stichhaltige Begründung ist nur deduktiv möglich.