Believe it or not, the best example of inductive reasoning comes from the
Sherlock Holmes novels.
Collect date, organise it to make it better understandable, get rid of the
obviously wrong answers, and go and have a good sleep, por play a violin, or
indulge in hectic sport, or... The subconscious mind will come up with ideas.
Treat each destructively to see if it can be eliminated. The one that can't be
is probably the best, until new data requires it to be modified. It doesn't
matter a stuff where Douglas' analysis comes from or what are its likely causes.
Treated inductively it remains by far the best explanation of events last
century.
And I believe the various different definitions of money invented by orthodox
economists were attempts to get away from it, but surprisingly each seems to
confirm it more.
Refgards. John R.
From: Triumphofthepast@aol.com
Reply-To: socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: [socialcredit] Tragedy of Human
Effort
Date: Fri, 3 Mar 2006 08:04:52 EST
"It can be tested inductively in
that it explains events over the last century that are inexplicable using the
alternative. . . . Nothing is proved by induction. But the opposite stands
clearly disproved." (John)
That's what I said, I think. However, I thought it
worth taking some trouble to identify (1) What is the phenomenon to be explained?
and (2) What exactly IS the hypothesis?
Michael
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