Philosophico Methodological Analysis Of Prediction And Its Role In Economics

This book develops a philosophico-methodological analysis of prediction and its role in economics. Prediction plays a key role in economics in various ways. It can be seen as a basic science, as an applied science and in the application of this science. First, it is used by economic theory in order to test the available knowledge. In this regard, prediction has been presented as the scientific test for economics as a science. Second, prediction provides a content regarding the possible future that can be used for prescription in applied economics. Thus, it can be used as a guide for economic policy, i.e., as knowledge concerning the future to be employed for the resolution of specific problems. Third, prediction also has a role in the application of this science in the public arena. This is through the decision-making of the agents — individuals or organizations — in quite different settings, both in the realm of microeconomics and macroeconomics. Within this context, the research is organized in five parts, which discuss relevant aspects of the role of prediction in economics: I) The problem of prediction as a test for a science; II) The general orientation in methodology of science and the problem of prediction as a scientific test; III) The methodological framework of social sciences and economics: Incidence for prediction as a test; IV) Epistemology and methodology of economic prediction: Rationality and empirical approaches and V) Methodological aspects of economic prediction: From description to prescription. Thus, the book is of interest for philosophers and economists as well as policy-makers seeking to ascertain the roots of their performance. The style used lends itself to a wide audience.

Focusing on cell dynamics, molecular medicine and robotics, contributors explore the interplay between biological, technological and theoretical ways of thinking. The collection makes a strong contribution to current debates in the philosophy of science and the changing role of scientific practice.

This book highlights the existence of a diversity of methods in science, in general, in groups of sciences (natural, social or the artificial), and in individual sciences. This methodological variety is open to a number of consequences, such as the differences in the research according to levels of reality (micro, meso and macro), which leads to multi-scale modelling and to questioning “fundamental” parts in the sciences, understood as the necessary support for the whole discipline. In addition, this volume acknowledges the need to assess the efficacy of procedures and methods of scientific activity in engendering high quality results in research made; the relevance of contextual factors for methodology of science; the existence of a plurality of stratagems when doing research in empirical sciences (natural, social and of the artificial); and the need for an ethical component while developing scientific methods, because values should have a role in scientific research. The book is of interest to a broad audience of philosophers, academics in various fields, graduate students and research centers interested in methodology of science.

This monograph analyzes Nicholas Rescher’s system of pragmatic idealism. It also looks at his approach to prediction in science. Coverage highlights a prominent contribution to a central topic in the philosophy and methodology of science. The author offers a full characterization of Rescher’s system of philosophy. She presents readers with a comprehensive philosophico-methodological analysis of this important work. Her research takes into account different thematic realms: semantic, logical, epistemological, methodological, ontological, axiological, and ethical. The book features three, thematic-parts: I) General Coordinates, Semantic Features and Logical Components of Scientific Prediction; II) Predictive Knowledge and Predictive Processes in Rescher’s Methodological Pragmatism; and III) From Reality to Values: Ontological Features, Axiological Elements, and Ethical Aspects of Scientific Prediction. This insightful analysis offers a critical reconstruction of Rescher’s philosophy. The system he created is often characterized as pragmatic idealism that is open to some realist elements. He is a prominent representative of contemporary pragmatism who has made a great deal of contributions to the study of this topic. This area is crucial for science and it has been little considered in the philosophy of science.

The problem of the limits of science — of the “barriers” and the “confines” — requires a new analysis, which is the task of this book. The issue is considered from the perspective of science as a human activity.

This book analyzes the role of language in scientific research and develops the semantics of science from different angles. The philosophical investigation of the volume is divided into four parts, which covers both basic science and applied science: I) The Problem of Reference and Potentialities of the Language in Science; II) Language and Change in Scientific Research: Evolution and Historicity; III) Scientific Language in the Context of Truth and Fiction; and IV) Language in Mathematics and in Empirical Sciences. Language plays a key role in science: our access to the theoretical, practical or evaluative dimensions of scientific activity begins with the mastery of language, continues with a deepening in the use of language and reaches the level of contribution when it creates new terms or changes them in sense and reference. This reveals the compatibility between objectivity in semantic contents and historicity in the progress of science. This volume is a valuable enrichment to students, academics and other professionals interested in science in all its forms, who seek to deepen the role that language plays in its structure and dynamics.

Contemporary philosophy of science analyzes psychology as a science with special features, because this discipline includes some specific philosophical problems – descriptive and normative, structural and dynamic. Some of these are particularly relevant both theoretically (casual explanation) and practically (the configuration of the psychological subject and its relations with psychiatry). Two central aspects in this book are the role of causality, especially conceived as intervention or manipulation, and the characterization of the psychological subject. This requires a clarification of scientific explanations in terms of causality in psychology, because characterizations of causality are quite different in epistemological and ontological terms. One of the most influential views is James Woodward’s approach to causality as intervention, which entails an analysis of its characteristics, new elements and limits. This means taking into account the structural and dynamic aspects included in causal cognition and psychological explanations. Psychology seen as special science also requires us to consider the scientific status of psychology and the psychological subject, which leads to limits of naturalism in psychology.

This book seeks to provide new perspectives, to broaden the field of philosophy of science, or to renew themes that have had a great impact on the profession. Thus, after an initial chapter to situate the current trends in philosophy of science and the prospective of the near future, it offers contributions in five thematic blocks: I) Philosophy of Medicine and Climate Change; II) Philosophy of Artificial Intelligence and the Internet; III) New Analyses of Probability and the Use of Mathematics in Practice; IV) Scientific Progress Revisited; and V) Scientific Realism and the Instrumentalist Alternative. Within this framework, the volume addresses such relevant issues as the methodological validity of medical evidence or decision making in situations of uncertainty; recent advances in Artificial Intelligence and the future of the Internet; current forms of empirically based methodological pluralism and new ways of understanding mathematics with scientific practice; and the revision of the approaches to scientific progress based on the experiences accumulated in recent decades.