Prediction or Prophecy?: The Boundaries of Economic Foreknowledge and Their Socio-Political Consequences by Gregor BetzPrediction or Prophecy?: The Boundaries of Economic Foreknowledge and Their Socio-Political Consequences by Gregor Betz

Prediction or Prophecy?: The Boundaries of Economic Foreknowledge and Their Socio-Political…

byGregor BetzForeword byProf. Dr. Holm Tetens

Paperback | September 26, 2006

Pricing and Purchase Info

$125.99 online 
$128.95 list price
Earn 630 plum® points

Prices and offers may vary in store

Quantity:

In stock online

Ships free on orders over $25

Not available in stores

about

"Knowing, in order to predict". It was this leitmotiv alone that Auguste Comte, in the 19th century, considered suitable for the then rapidly developing empirical sciences. This view remains unchanged until today-not only in the empirical sciences themselves, but also in the philosophy of science. A scientific theory is and should be evaluated primarily on the grounds of its capacity to correctly predict observable phenomena. The aim of predicting takes precedence over the other important aim of science, namely to produce and purposefully manipulate phenomena by technical means in the laboratory, moreover, it even includes the latter. For if scientists successfully produce and manipulate certain phenomena in an experiment, they can ipso facto predict how that experiment will evolve under certain conditions. We live in a scientifically-dominated world: The more science progresses, the more important correct scientific predictions become. To a sometimes even fa­ tal extent we have made ourselves dependent on science and its results. Our scientifical-technological interventions into nature, yet also into social processes, cover ever larger spatial and temporal distances, and the consequences are ever more drastic given the increasing effort that would be required to reverse the effects-if that is possible at all. That is the reason why we ought to be very well informed about the consequences of our actions, in particular those based on science and technology.
Dr. Gregor Betz ist wissenschaftlicher Mitarbeiter von Prof. Dr. Holm Tetens am Fachbereich Philosophie und Geisteswissenschaften der Freien Universität Berlin.
Loading
Title:Prediction or Prophecy?: The Boundaries of Economic Foreknowledge and Their Socio-Political…Format:PaperbackDimensions:295 pagesPublished:September 26, 2006Publisher:Deutscher UniversitätsverlagLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3835002236

ISBN - 13:9783835002234

Reviews

Table of Contents

Recent performance of economic forecastsA historical perspective on economic forecast performanceForecast performance in natural sciencesPredictability of complex systemsExpectations and reflexivenessSensitive dependence on initial conditionsExperiment and simulationUnrealistic assumption explanationsConsequences for traditional decision making