Putnam and Laudan separately argue that the falsity of past scientific theo
ries gives us reason to doubt the truth of current theories. Their argument
s have been highly influential, and have generated a significant literature
over the past couple of decades. Most of this literature attempts to defen
d scientific realism by attacking the historical evidence on which the prem
ises of the relevant argument are based. However, I argue that both Putnam'
s and Laudan's arguments are fallacious, and hence attacking their premises
is unnecessary. The paper concludes with a discussion of the further histo
rical evidence that would be required if the pessimistic induction is to pr
esent a serious threat to scientific realism.