Conceptual Anomalies in Economics: Lessons from the Social Experiment - Softcover

"A critical introduction to the field recommended to strong souls capable of combining expertise with modesty." B. Hamminga, Erkenntnis

"This is a quite extraordinary book...a 'tour de force'." A. Lewis, Journal of Economic Psychology

"The book as a whole makes one think. I would like to think it be made compulsory reading for all economists." J.D. Hey, Economic Journal

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.