Conceptual Anomalies in Economics and Statistics
Lessons from the Social Experiment

This book explores anomalies in the conceptual basis of controlled social experiments.

Leland Gerson Neuberg (Author)

9780521070218, Cambridge University Press

Paperback / softback, published 31 July 2008

380 pages
22.9 x 15.8 x 2.3 cm, 0.61 kg

"The book as a whole makes one think. I would like to think it be made compulsory reading for all economists." J.D. Hey, Economic Journal

Do economics and statistics succeed in explaining human social behaviour? To answer this question. Leland Gerson Neuberg studies some pioneering controlled social experiments. Starting in the late 1960s, economists and statisticians sought to improve social policy formation with random assignment experiments such as those that provided income guarantees in the form of a negative income tax. This book explores anomalies in the conceptual basis of such experiments and in the foundations of statistics and economics more generally. Scientific inquiry always faces certain philosophical problems. Controlled experiments of human social behaviour, however, cannot avoid some methodological difficulties not evident in physical science experiments. Drawing upon several examples, the author argues that methodological anomalies prevent microeconomics and statistics from explaining human social behaviour as coherently as the physical sciences explain nature. He concludes that controlled social experiments are a frequently overrated tool for social policy improvement.

Preface
Introduction
Part I. Statistical Logics: 1. J. S. Mill and some philosophical underpinnings of controlled experimentation
2. R. A. Fisher, randomization, and controlled experimentation
3. Some special difficulties of controlled social experiments
4. Hume's problem of induction in modern statistical inference and controlled experimentation
Part II. Economic Logics: 5. Problems with a rationalist account of classical mechanics
6. Microeconomics striving to be a classical-mechanics-like science
7. The income maintenance experiments: microeconomic science or scientism?
8. Microeconomics striving to be deontology
Conclusion
Appendix
References
Symbols and abbreviations
Index.

Subject Areas: Economic statistics [KCHS]