ABSTRACT

The intention of this and the following four chapters is to indicate further how the already highlighted features of the deductivist account of explanation, and especially its associated, ultimately positivistic, conception of significant results or scientific laws, are manifest in the most prominent strands of contemporary economics and are responsible for so many of the subject's problems. I start with that set of activities and methods usually collected under the heading of econometrics. For these can be seen to rest most directly upon the post-Humean conception of scientific laws in question.