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Download e-book for iPad: Beyond Positive Economics?: Proceedings of Section F by J. Wiseman

By J. Wiseman

ISBN-10: 1349169927

ISBN-13: 9781349169924

ISBN-10: 1349169943

ISBN-13: 9781349169948

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Read or Download Beyond Positive Economics?: Proceedings of Section F (Economics) of the British Association for the Advancement of Science York 1981 PDF

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Extra info for Beyond Positive Economics?: Proceedings of Section F (Economics) of the British Association for the Advancement of Science York 1981

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Perfect possibility is not a matter of the piling up of 'evidence' or of suggestions , but of the existence in thought of one unobstructed path . It follows that when an available course of action is linked by the action chooser with a skein of rival imagined sequels all deemed perfectly, and therefore equally, possible, and when these sequels are represented by a set of points on an axis of desiredness or valuation, the sequels whose points are in the interior of the range of the points as a whole have no claim to the action-chooser's attention, for they are eclipsed by sequels equally possible but more desired or counter-desired .

The second meaning refers to a specific method for developing the above positive science of economics, namely, one which stresses the formulation and empirical testing of hypotheses, and which thereby stands in contrast to, for example, inductivism or a priorism. In his presidential address (see Chapter 1 of this book), Professor Wiseman uses a third and broader interpretation of the term . He is concerned at what he sees as an overemphasis on empirical testing , but he is even more concerned about the kinds of models which economic theory produces for testing.

On each of these sheets, equalascendancy curves will enable any point with greater-than-zero disbelief to have found for it a point having equal ascendancy and zero disbelief. Thus the two constrained maxima can be substituted by points respectively of lesser gain or loss, and zero disbelief. These points will lie on the gain-loss axis and their distances from the origin will be scalar quantities. In the deepened or refined version of my argument they are the focus-points. It will perhaps be asked whether, in putting forward a wholly unconventional and even eccentric view of the nature of choice, and grounding it in ideas unusual and even unheard of in economics, such as the notion of uncause in thought, the imaginative and originative source and nature of the choosables, and the endless proliferant creation of The Bounds of Unknowledge 37 hypothetical sequels of choosable action, I wish to emphasise what I am calling the core-argument in its rather spare and harsh simplifications, or by contrast the deepened form which recognises levels of disbelief other than zero or absolute, and which lends itself to a number of possibly fertile manipulations .

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Beyond Positive Economics?: Proceedings of Section F (Economics) of the British Association for the Advancement of Science York 1981 by J. Wiseman


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