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" "By induction we gain no certain knowledge; but by observation, and the inverse use of deductive reasoning, we estimate the probability that an event which has occurred was preceded by conditions of specified character, or that such conditions will be followed by the event. ...I have no objection to use the words cause and causation, provided they are never allowed to lead us to imagine that our knowledge of nature can attain to certainty. ...We can never recur too often to the truth that our knowledge of the laws and future events of the external world are only probable.
William Stanley Jevons (1 September 1835 – 13 August 1882) was an English economist and logician.
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There is no such thing as absolute cost of labour; it is all a matter of comparison. Every one gets the most which he can for his exertions; some can get little or nothing, because they have not sufficient strength, knowledge or ingenuity; others get much, because they have, comparatively speaking, a monopoly of certain powers.
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In a certain sense all knowledge is inductive. We can only learn the laws and relations of things in nature by observing those things. But the knowledge gained from the senses is knowledge only of particular facts, and we require some process of reasoning by which we may collect out of the facts the laws obeyed by them. Experience gives us the materials of knowledge: induction digests those materials, and yields us general knowledge. When we possess such knowledge, in the form of general propositions and natural laws, we can usefully apply the reverse process of deduction to ascertain the exact information required at any moment. In its ultimate foundation, then, all knowledge is inductive—in the sense that it is derived by a certain inductive reasoning from the facts of experience.