The contest between rational and behavioral finance is poorly understood as a contest over “testability” and “predictive success.” In fact, neither rational nor behavioral finance offer much in the way of testable predictions of improving precision. Researchers in the rational paradigm seem to have abandoned testability and prediction in favor of a scheme of ex post “rationalizations” of observed price behavior. These rationalizations, however, have an unemphasized relevance for behavioral finance. While behavioral finance advocates may justly criticize rationalizations as unlikely (...) to lead to a science of financial economics with improving predictive power, rational finance’s explanatory power plays a key role supporting the limits of arbitrage arguments that make behavioral finance possible. (shrink)
We raise three issues for Philip Kitcher's "Ethical Project" (2011): First, we argue that the genealogy of morals starts well before the advent of altruism-failures and the need to remedy them, which Kitcher dates at about 50K years ago. Second, we challenge the likelihood of long term moral progress of the sort Kitcher requires to establish objectivity while circumventing Hume's challenge to avoid trying to derive normative conclusions from positive ones--'ought' from 'is'. Third, we sketch ways in which Kitcher's metaethical (...) opponents could respond to his arguments against them. (shrink)
Sober 2011 argues that, contrary to Hume, some causal statements can be known a priori to be true?notably, some ?would promote? statements figuring in causal models of natural selection. We find Sober's argument unconvincing. We regard the Humean thesis as denying that causal explanations contain any a priori knowable statements specifying certain features of events to be causally relevant. We argue that not every ?would promote? statement is genuinely causal, and we suggest that Sober has not shown that his examples (...) of ?would promote? statements manage to achieve a priori status without sacrificing their causal character. (shrink)
The diversity, complexity and adaptation of the biological realm is evident. Until Darwin, the best explanation for these three features of the biological was the conclusion of the “argument from design.” Darwin's theory of natural selection provides an explanation of all three of these features of the biological realm without adverting to some mysterious designing entity. But this explanation's success turns on the meaning of its central explanatory concept, ‘fitness’. Moreover, since Darwinian theory provides the resources for a purely causal (...) account of teleology, wherever it is manifested, its reliance on the concept of ‘fitness’ makes it imperative that conceptual problems threatening the explanatory legitimacy of this notion be solved. (shrink)
EM Music Education /EM is a collection of thematically organized essays that present an historical background of the picture of education first in Greece and Rome, the Middle Ages, then Early-Modern Europe. The bulk of the book focuses on American education up to the present. This third edition includes readings by Orff, Kodály, Sinichi Suzuki, William Channing Woodbridge, Allan Britton, and Charles Leonhard. In addition, essays include timely topics on feminism, diversity, cognitive psych, testing (the Praxis exam) and the No (...) Child Left Behind Act. (shrink)
After the discovery of the structure of DNA in 1953, scientists working in molecular biology embraced reductionism—the theory that all complex systems can be understood in terms of their components. Reductionism, however, has been widely resisted by both nonmolecular biologists and scientists working outside the field of biology. Many of these antireductionists, nevertheless, embrace the notion of physicalism—the idea that all biological processes are physical in nature. How, Alexander Rosenberg asks, can these self-proclaimed physicalists also be antireductionists? With clarity and (...) wit, Darwinian Reductionism navigates this difficult and seemingly intractable dualism with convincing analysis and timely evidence. In the spirit of the few distinguished biologists who accept reductionism—E. O. Wilson, Francis Crick, Jacques Monod, James Watson, and Richard Dawkins—Rosenberg provides a philosophically sophisticated defense of reductionism and applies it to molecular developmental biology and the theory of natural selection, ultimately proving that the physicalist must also be a reductionist. (shrink)
Philosophy of Science: A Contemporary Introduction introduces all the main themes in the philosophy of science, including the nature of causation, explanation, laws, theory, models, evidence, reductionism, probability, teleology, realism and instrumentalism. This substantially revised and updated second edition of a highly successful, accessible and user-friendly text will be of value to any student getting to grips with the nature, methods and justification of science. Alex Rosenberg includes new material on a number of subjects, including: · The theory of natural (...) selection · Popper, Lakatos and Leibniz · Feminist philosophy of science · Logical positivism · The origins of science In addition, helpful features add greatly to the ease and clarity of this second edition: · Overviews and chapter summaries · Study questions and annotated further reading · A helpful glossary explaining key words and concepts. (shrink)
The contest between rational and behavioral finance is poorly understood as a contest over 'testability' and 'predictive success.' In fact, neither rational nor behavioral finance offer much in the way of testable predictions of improving precision. Researchers in the rational paradigm seem to have abandoned testability and prediction in favor of a scheme of ex post 'rationalizations' of observed price behavior. These rationalizations, however, have an unemphasized relevance for behavioral finance. While behavioral finance advocates may justly criticize rationalizations as unlikely (...) to lead to a science of financial economics with improving predictive power, rational finance's explanatory power plays a key role supporting the limits of arbitrage arguments that make behavioral finance possible. (shrink)
Philosophy of Science: Contemporary Readings is a comprehensive anthology that draws together leading philosophers writing on the major themes in the philosophy of science. Sections are: Science and Philosophy; Explanation; Causation and Laws; Scientific Theories and Conceptual Change; Scientific Realism; Testing and Confirmation of Theories; and Science in Context. Each section is prefaced by an introductory essay by the editors. The readings are designed to complement Philosophy of Science: A Contemporary Introduction (Routledge 2000), though the anthology can also be used (...) as a stand-alone volume. (shrink)
A collection of essays by Alexander Rosenberg, the distinguished philosopher of science. The essays cover three broad areas related to Darwinian thought and naturalism: the first deals with the solution of philosophical problems such as reductionism, the second with the development of social theories, and the third with the intersection of evolutionary biology with economics, political philosophy, and public policy. Specific papers deal with naturalistic epistemology, the limits of reductionism, the biological justification of ethics, the so-called 'trolley problem' in moral (...) philosophy, the political philosophy of biological endowments, and the Human Genome Project and its implications for policy. Rosenberg's important writings on a variety of issues are here organized into a coherent philosophical framework which promises to be a significant and controversial contribution to scholarship in many areas. (shrink)
Defiendo la legitimidad de la pregunta acerca de cuál puede ser el estatuto cognitivo de la Teoría Económica, y sostengo que la Teoría se comprende mejor como una rama de la Filosofía Política formal, en concreto, como una especie de contractualismo. Esto parece particularmente adecuado corno explicación de la Teoría deI equilibrio general. Dado el carácter intencional de las variables explicativas de la Teoría Económica y el papel de la información al realizar una elección, se argumenta que es improbable que (...) dicha Teoría pueda garantizar el poder predictivo, que le permitiría funcionar corno teoría factual en vez de corno teoría normativa.I defend the integrity of the question of what the cognitive status of economic theory could amount to, and I argue that the theory is best understood as a compartment of formal political philosophy, in particular a species of contractarianism. This seems particularly apt as an account of general equilibrium theory. Given the intentional character of the explanatory variables of economic theory and the role of information in effecting choice, it is argued that economic theory is unlikely to secure the predictive power that would enable it to function as a factual instead of a normative theory. (shrink)
This is an expanded and thoroughly revised edition of the widely adopted introduction to the philosophical foundations of the human sciences. Ranging from cultural anthropology to mathematical economics, Alexander Rosenberg leads the reader through behaviorism, naturalism, interpretativism about human action, and macrosocial scientific perspectives, illuminating the motivation and strategy of each.Rewritten throughout to increase accessibility, this new edition retains the remarkable achievement of revealing the social sciences’ enduring relation to the fundamental problems of philosophy. It includes new discussions of positivism, (...) European philosophy of history, causation, statistical laws, quantitative models, and postempiricist social science, along with a completely updated literature guide that keys chapters to widely anthologized papers. (shrink)
The underdetermination of theory by evidence must be distinguished from holism. The latter is a doctrine about the testing of scientific hypotheses; the former is a thesis about empirically adequate logically incompatible global theories or "systems of the world". The distinction is crucial for an adequate assessment of the underdetermination thesis. The paper shows how some treatments of underdetermination are vitiated by failure to observe this distinction, and identifies some necessary conditions for the existence of multiple empirically equivalent global theories. (...) We consider how empiricists should respond to the possibility of such systems of the world. (shrink)
Do the sciences aim to uncover the structure of nature, or are they ultimately a practical means of controlling our environment? In Instrumental Biology, or the Disunity of Science, Alexander Rosenberg argues that while physics and chemistry can develop laws that reveal the structure of natural phenomena, biology is fated to be a practical, instrumental discipline. Because of the complexity produced by natural selection, and because of the limits on human cognition, scientists are prevented from uncovering the basic structure of (...) biological phenomena. Consequently, biology and all of the disciplines that rest upon it--psychology and the other human sciences--must aim at most to provide practical tools for coping with the natural world rather than a complete theoretical understanding of it. (shrink)
Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a (...) science. (shrink)
The prescriptive force of methodological rules rests, I argue, on the acceptance of scientific theories; that of the most general methodological rules rests on theories in the philosophy of science, which differ from theories in the several sciences only in generality and abstraction. I illustrate these claims by reference to methodological disputes in social science and among philosophers of science. My conclusions substantiate those of Laudan except that I argue for the existence of transtheoretical goals common to all scientists and (...) concrete enough actually to have bearing on methodology. And I argue that Laudan is committed to such goals himself, willy nilly. (shrink)
In "Events and Causality" Mark Steiner argues that though Bertrand Russell was right to claim that the laws of physics do not express causal relations, nevertheless, Russell was wrong to suppose that therefore causality plays no role in physics. I argue that Steiner misses the point of Russell's argument for the first of these claims, and because of this Steiner's argument against the second fails to controvert it. Steiner fails to see that Russell's argument against causation, is in fact an (...) argument against the existence of causal directionality or asymmetry. Steiner gives no reason to suppose physical theory requires this asymmetry after all. (shrink)
This book provides a comprehensive guide to the conceptual methodological, and epistemological problems of biology, and treats in depth the major developments in molecular biology and evolutionary theory that have transformed both biology and its philosophy in recent decades. At the same time the work is a sustained argument for a particular philosophy of biology that unifies disparate issues and offers a framework for expectations about the future directions of the life sciences. The argument explores differences between autonomist and anti-autonomist (...) views of biology. The result is a vindication of reductionism, but one that is unexpectedly hollow. For it leaves the exponents of the autonomy of biology from physical science with as much as their view of biology really requires - and rather more than the reductionist might comfortably concede. Professor Rosenberg shows how the problems of the philosophy of biology are interconnected and how their solutions are interdependent, However, this book focuses more on the direct concerns of biologists, rather than the traditional agenda of philosophers' problems about biology. This departure from earlier books on the subject results both in greater understanding and relevance of the philosophy of science to biology as a whole. (shrink)
The discussion of Darwinism's past--of what Charles Darwin wrote and thought--is crucial to an understanding of the history and philosophy of biology, but largely irrelevant to assessing its current warrant and its future prospects. In this paper the structure, and the credibility of the theory are defended against a variety of criticisms both of biologists and anti-Darwinians. It is argued that many features of the theory often treated as defects, like its generality and neutrality, its openness to realization at many (...) levels of organization, its lack of specific predictive content, and its anomalous relation to taxonomy, are in fact important strengths that any theory with the range and bearing of the theory of natural selection must have. These strengths are specifically related, in the latter portion of the paper, to the evolutionary discoveries we can expect from the revolutionary developments in molecular biology. (shrink)
The diversity, complexity and adaptation of the biological realm is evident. Until Darwin, the best explanation for these three features of the biological was the conclusion of the “argument from design.” Darwin's theory of natural selection provides an explanation of all three of these features of the biological realm without adverting to some mysterious designing entity. But this explanation's success turns on the meaning of its central explanatory concept, ‘fitness’. Moreover, since Darwinian theory provides the resources for a purely causal (...) account of teleology, wherever it is manifested, its reliance on the concept of ‘fitness’ makes it imperative that conceptual problems threatening the explanatory legitimacy of this notion be solved. (shrink)
Many realists have maintained that the success of scientific theories can be explained only if they may be regarded as approximately true. Laurens Laudan has in turn contended that a necessary condition for a theory's being approximately true is that its central terms refer, and since many successful theories of the past have employed central terms which we now understand to be non-referential, realism cannot explain their success. The present paper argues that a realist can adopt a view of reference (...) according to which a theory might plausibly be said to be approximately true even though its central terms do not refer, or alternatively, he may construe reference in such a way as to assign reference to a range of successful older theories which includes Laudan's purported counterexamples. (shrink)
It is argued that the assessment of the strength of the evidence for the Darwinian theory of evolution by natural selection offered by Michael Ruse in the Philosophy of Biology is in one respect too weak and in the other too strong. His claim that artificial selection provides at best analogical evidence for the theory is shown to rest on a spurious distinction between artificial and natural selection. His argument that Darwinian theory, unlike its competitors, accounts for the cytological and (...) genetic data is demonstrated to be unwarranted and fails to differentiate the actual degrees of evidential support provided by cytology and genetics for parts of differing and competing theories of evolution. The evidentially secure foundations of Darwin's theory are not challenged in this paper, only Ruse's account of their nature. (shrink)
In this paper the concept of supervenience is employed to explain the relationship between fitness as employed in the theory of natural selection and population biology and the physical, behavioral and ecological properties of organisms that are the subjects of lower level theories in the life sciences. The aim of this analysis is to account simultaneously for the fact that the theory of natural selection is a synthetic body of empirical claims, and for the fact that it continues to be (...) misconstrued, even by biologists, for a tautological system. The notion of supervenience is then employed to provide a new statement of the relation of Mendelian predicates to molecular ones in order to provide for the commensurability and potential reducibility of Mendelian to molecular genetics in a way that circumvents the theoretical complications which appear to stand in the way of such a reduction. (shrink)
