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Book synopsis

Do economics and statistics succeed in explaining human social behaviour? To answer this question. Leland Gerson Neuberg studies some pioneering controlled social experiments. Starting in the late 1960s, economists and statisticians sought to improve social policy formation with random assignment experiments such as those that provided income guarantees in the form of a negative income tax. This book explores anomalies in the conceptual basis of such experiments and in the foundations of statistics and economics more generally. Scientific inquiry always faces certain philosophical problems. Controlled experiments of human social behaviour, however, cannot avoid some methodological difficulties not evident in physical science experiments. Drawing upon several examples, the author argues that methodological anomalies prevent microeconomics and statistics from explaining human social behaviour as coherently as the physical sciences explain nature. He concludes that controlled social experiments are a frequently overrated tool for social policy improvement.

Book details

Book category Books in English Economics, finance, business & management Economics Econometrics

• Full title: Conceptual Anomalies in Economics and Statistics
• Subtitle: Lessons from the Social Experiment
• Author: Leland Gerson Neuberg
• Language: English
• Binding: Paperback
• Number of pages: 380
• EAN: 9780521070218
• ISBN: 052107021X
• ID: 02020459
• Publisher: Cambridge University Press
• Weight: 560 g
• Dimensions: 229 × 152 × 21 mm
• Date of publishing: 31. July 2008

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