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The basis of the [scientific] method is a belief in natural uniformity – if two events are regularly connected in our observations we can conclude th… - John N. Gray
" "The basis of the [scientific] method is a belief in natural uniformity – if two events are regularly connected in our observations we can conclude that they obey a universal law. But this is not a conclusion we reach by observation. No amount of evidence can demonstrate the existence of laws of nature, since new experience can always overturn them. Science rests on the belief that the future will be like the past; but that belief is rationally groundless. This is not a new line of thinking. David Hume argued that the expectation that the future will be like the past, which is the basis of induction, is a matter of habit. Hume wanted to show that since miracles transgress known laws of nature it was unreasonable to accept reports of them, in the Bible or anywhere else. But his arguments against induction showed that the laws of nature could not in fact be known, so events that seemed impossible could happen at any time. The upshot was that faith in miracles returned by the back door of sceptical doubt.
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About John N. Gray
John Nicholas Gray (born 17 April 1948) is an English political philosopher with interests in analytic philosophy and the history of ideas. He retired as School Professor of European Thought at the London School of Economics and Political Science. Gray contributes regularly to The Guardian, The Times Literary Supplement and the New Statesman, where he is the lead book reviewer.
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John Nicholas Gray
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John Gray
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Additional quotes by John N. Gray
When closed societies collapse but fail to make the transition to openness the reason need not be that they languish in anarchy or suffer a return to dictatorship. It may be that they adopt an illiberal form of democracy. Along with the liberal democratic tradition that goes back to Locke and the English civil war there is a tradition, originating in the French Revolution and formulated theoretically by Rousseau, which understands democracy as the expression of popular will. The elective theocracy that is emerging in much of post-Saddam Iraq is a democratic polity in the latter sense, as is the current regime in Iran; so is the Hamas government in Palestine... To be sure, these regimes often lack freedom of information and expression and legal limitations on government power, which are essential features of democracy in the liberal tradition. In these respects they are closed societies, but they are not dictatorships. It is often forgotten that democracy, defined chiefly by elections and the exercise of power in the name of the majority, can be as repressive of individual freedom and minority rights as dictatorship - sometimes more so.
No doubt markets transmit information in the way that Hayek claimed. But what reason is there to believe that – unlike any other social institution – they have a built-in capacity to correct their mistakes? History hardly supports the supposition. Moods of irrational exuberance and panic can, and often do, swamp the price-discovery functions of markets.
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