|
FIRM: An organization that combines resources for the production and supply of goods and services. The firm is used by entrepreneurs to bring together otherwise unproductive resources. The key role played by a firm is the production of output using the economy's scarce resources. Firm's are the means through which society transforms less satisfying resources into more satisfying goods and services. If firms didn't do this deed, then something else would. And we would probably call those something elses firms.
Visit the GLOSS*arama
|
|

|
|
                           FALLACY OF FALSE CAUSE: The logical fallacy of arguing that two events have a causal connection because they are correlated (that is, happen at about the same time). In other words, one event is erroneously assumed to cause the other. This fallacy is the nemesis of the ongoing scientific pursuit to discover the laws of cause and effect. The fallacy of false cause was one of the more common fallacies committed by ancient ancestors, and it persists to modern times. Lacking sophisticated scientific analysis, the correlation of events, the near simultaneous occurrence of two unrelated phenomena, inevitably lead ancient folk to develop an erroneous causal connection.Suppose, for example that a wolf howls in the distance, and then someone dies. A few days later, another wolf howls, then someone else breaks a leg. Once again a wolf howls, and then a third person falls sick. "Obviously" the howling wolf is causing bad things to transpire. While this howling-wolf explanation might seem reasonable to people spending their lives eating mastodon meat and sleeping in caves, correlation does not mean cause. These cave-dwelling folk are committing the fallacy of false cause. Retrieving obvious (even ridiculous) examples of less enlightened human ancestors who perpetually committed this fallacy of false cause is exceedingly easy. - The movement of the sun is caused by a god carrying a ball of fire across the sky.
- Warts can be cured by burying potato skins under an oak tree in the light of a full moon.
- The configuration of stars in the sky determines personality.
Modern humans know better. Modern humans are now enlightened. Modern humans know that howling wolves do not cause bad things to happen, that the movement of the sun is guided by gravity, that warts are a virus, that the stars do not affect personality.However, until cause-and-effect relations are verified using the scientific method, the fallacy of false cause is actually quite easy to commit, even among the best and the brightest. In fact, scientists (economists included) regularly commit this fallacy as they sort through numerous potential causes of an event to find the one "true" cause. Before a "false" cause has been undeniably proven as false and then discarded for further consideration, it is likely to be promoted as the "true" cause. Advocates truly believe that they are promoting the "true" cause. Unfortunately, they are acting out of ignorance. They simply do not know. No one does. In fact, the promotion of "false" cause in search of "true" cause is what the scientific method is all about.
 Recommended Citation:FALLACY OF FALSE CAUSE, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: February 14, 2025]. Check Out These Related Terms... | | | | | | | Or For A Little Background... | | | | | | | | And For Further Study... | | | | |
Search Again?
Back to the WEB*pedia
|


|
|
BROWN PRAGMATOX [What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a T-shirt commemorating last Friday (you know why) or a rotisserie oven that can also toast bread. Be on the lookout for defective microphones. Your Complete Scope
This isn't me! What am I?
|
|
North Carolina supplied all the domestic gold coined for currency by the U.S. Mint in Philadelphia until 1828.
|
|
"Things turn out best for the people who make the best of the way things turn out." -- Art Linkletter
|
|
BJE Bell Journal of Economics
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|

|