Re: GT and microfoundations

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

"ÁÎ×Ó¹â HenryC.K.Liu ¹ù¤l¥ú" wrote:

> Sorry to barge in, but Alan, you should also include the assembly and
> organization of data as being theory laden.

Of course.


> David Hume (1711-1786) points out in his Inquiry into Human Understanding that
> since the conclusion of a valid inference could contain no information not
> found in the premise, there could be no valid conclusion from observed to
> unobserved phenomena.

And yet this didn't stop him from making the million
predictions required for daily living once he left
his philosophical aerie, as he acknowledged.

We must act; therefore we must predict.
Fortunately this is enough regularity in the
world to support such a need.
Policy makers are in the same situation.

Alan