Re-reading Jevons's Principles of Science - Induction Redux

K. Vela Velupillai (vela.velupillai@nuigalway.ie)

No 729, Department of Economics Working Papers from Department of Economics, University of Trento, Italia

Abstract: In this paper I try to substantiate the thesis that Jevons may have been too harsh on the vices of induction and generously optimistic about the virtues of deduction, as discussed, primarily, in his magnum opus, The Principles of Science [6]. With this aim in mind the paper attempts to suggest (modern), recursion theoretic, theoretical technologies that could reduce and, under conditions that I claim would be acceptable to Jevons, even eliminate the inductive indeterminacies that he had emphasised.

Keywords: Jevons; Inductiion; Inductive Inference; Bayes's Rule (search for similar items in EconPapers)
JEL-codes: B16 B31 C11 C63 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-cbe and nep-hpe
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