Concept tag
#ceteris-paribus
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Cartwright is right: the fundamental laws of physics are false of real things, and that’s fine
No oil reservoir has ever behaved exactly as my equations say. Every model is an idealisation: uniform permeability, simplified boundary conditions, ignored chemistry. We calibrate, we fudge, we history-match. And yet the models are useful. Nancy Cartwright's How the Laws of Physics…
Started by Abdulrahman Al-Bassam5 replies -
There can be no laws of human behaviour, only useful regularities
The "law" of demand is not a law in the sense the law of gravitation is, and I have said so to every new analyst I have trained. Here is the thesis in full. Social science finds regularities. Some are robust: Ibn…
Started by Javier Ferrandis5 replies