re Fred's 4708 >Does "deductive" include or imply the postulation of unobservable >("metaphysical") entities (e.g. abstract labor) from which explanations or >conclusions about observable reality are deduced? In more modern terms, >does "deductive" mean something like "hypothetico-deductive"? Are Sieber >and Marx saying that it is OK for a theory to be "metaphysical" (in the >above sense), if it is able to deduce conclusions about the real world? Here Marx seems to be saying no more than that his theory is not merely descriptive but explanatory, so that it needs to be logically ordered in such a way that there is a rigorous distinction between explanans and explanandum. E.g. the concept of surplus value has to come, logically speaking, before profit in industrial, commercial and banking forms. He does not seem to be commiting himself at this point to the possibility of explanatory 'variables' or 'entities' being unobservable--and, Fred, I am not sure why and how you think abstract labor is unobservable (is it unobservable like superposition?) Marx does suggest that he does not in idealist fashion logically derive, e.g., the necessary forms of profit from the incompleteness or contradictions in the concept of surplus value itself. He does not begin with concepts; rather he begins with the real relations and phenomena of bourgeois society the specification of which depends on the inductivist-institutionalist method of a Richard Jones (whose great contribution to Marx's method has simply been ignored save by Grossman), but to explain the interconnections of these phenomena and relations once historically specified and the dynamics to which said relations give rise, Marx notes that he has to make use--as Ricardo and Smith quite *imperfectly* did--of explanatory concepts which are not themselves part of the explanandum object. I think this is probably how Marx sees himself following the deductive method of the English school of political economy. It does not follow from this however that Marx is assuming a modern hypo-deductive form of explanation (most certainly not, Andrew B would argue) or that he is not also an inductivist of the Richard Jones type. Yours, Rakesh
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