What are conspiracy theories? And what, if anything, is epistemically wrong with them? I offer an account on which conspiracy theories are a unique way of holding a belief in a conspiracy. Specifically, I take conspiracy theories to be self-insulating beliefs in conspiracies. On this view, conspiracy theorists have their conspiratorial beliefs in a way that is immune to revision by counter-evidence. I argue that conspiracy theories are always irrational. Although conspiracy theories involve an expectation to encounter some seemingly disconfirming (...) evidence (allegedly planted by the conspirators), resistance to all counter- evidence cannot be justified on these grounds. (shrink)

Once lively debates concerning the philosophical significance of self-fulfilling science, or the causal contribution of science to bringing about the states of affairs it depicts, lapsed in the 1970s. Recent claims concerning the influence of economic theory on the behavior it predicts or explains seem poised to revitalize discussion, yet lack of clarity abounds concerning the key features of such cases and the philosophical issues to which they might be relevant. In this paper, I examine a paradigmatic case of self-fulfilling (...) science, clarify its key features, and critically discuss two existing approaches to understanding such phenomena. Ultimately, I suggest a novel approach more well-suited to analyzing such cases and exploring their philosophical significance. (shrink)

The present work is a chapter from my Ph.D thesis to be submitted in January 2006. Economists generate economic ideas, which are then spread to and impact on the very economic systems that they are ostensibly 'objectively' modelling. I term this dynamical relationship between economic theory and economic reality "ideational reflexivity," and show that various important contributions in economic theory such as the Lucas Critique and Merton's option-pricing theory may be identified as special cases of ideational reflexivity. I then argue (...) that ideational reflexivity, pursued to its logical conclusions, raises serious methodological issues for economic science as a science. In particular the notion of a "positive" body of economic knowledge independent from the reality it describes becomes problematic, and all three "traditional" goals of science - explanation, prediction, and control, become problematic. (shrink)

The present work is a review of the early literature on "reflexive prediction" - the notion that public predictions by policymakers may influence and affect the social systems the predictions are made in relation to - in the disciplines of sociology and economics. It is a relatively complete treatment for the time period that it covers. It is intended for attachment to my January 2006 doctoral thesis as "Appendix B.".

In the methodology of scientific research programs (MSRP) there are important features on the problem of prediction, especially regarding novel facts. In his approach, Imre Lakatos proposed three different levels on prediction: aim, process, and assessment. Chapter 5 pays attention to the characterization of prediction in the methodology of research programs. Thus, it takes into account several features: (1) its pragmatic characterization, (2) the logical perspective as a proposition, (3) the epistemological component, (4) its role in the appraisal of research (...) programs, and (5) its place as a value for scientific research. -/- The notion of “novel facts” is highly relevant in his conception, where several aspects are involved: the directions of novel facts, the different kinds of novelty, and the transition from six possible options of “novel facts” to four choices. Thereafter, the prediction of novel facts as the criterion of appraisal is considered. On the one hand, this requires analyzing the theoretical, empirical, and heuristic possibilities of appraisal; and, on the other, whether there is an overemphasis on the role of prediction in methodology of scientific research programs. As a consequence, there is an analysis of Lakatos’ criterion of appraisal in MSRP and economics. (shrink)

Claims that science may become 'self-fulfilling' through its impact on objects of study have recently risen to prominence. Despite radical statements about the supposed consequences of such accounts, however, the central notion of scientific self-fulfillment has remained obscure, leading to skewed views of its actual prevalence and significance. -/- Self-Fulfilling Science illuminates this underexplored phenomenon, drawing on insights from philosophy of science to address questions of its conceptualization, prevalence, and significance. The book critically engages with the popular notion that economic (...) theories of homo economicus exhibit self-fulfillment, and explores its relevance to various metaphysical, ethical, and epistemic issues. Extreme claims of fundamental incompatibility with our usual notions of scientific success are ill-founded. Instead, self-fulfillment’s true epistemic significance lies in more local, nuanced philosophical issues such as theory evaluation and the thesis of underdetermination. -/- In presenting a novel framework, this book facilitates deeper engagement with the developing field of self-fulfilling science and is of interest to philosophers of science, social scientists, and social constructionists. (shrink)

For more than a century, methodological diversity within the social sciences has been the source of recurrent paradigm wars, and no obvious winner seems to be in sight. The aim of this article is to explore the contingencies underlying this diversity. It is argued that the shared condition of complexity forces us to adopt a pragmatic perspective from which even relevant ontological and epistemological assumptions should be thought of as contextual rather than absolute. In particular, the extent to which social (...) causality is perceived as stable and universal vs. dynamic and contextual and the extent to which research-related reflexivity is an issue appear to set apart the different approaches. Towards the end of the article examples of methodological fit and misfit are provided to illustrate the relevancy of the “contingent eclecticism” observed in practice. (shrink)