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Cognitive Economy (Paperback)

The Economic Dimension of the Theory of Knowledge

P&S History > Humanities > Philosophy

Imprint: University of Pittsburgh Press
Pages: 178
ISBN: 9780822985204
Published: 15th October 1989
Casemate UK Academic

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Cost, expected benefits, and risks are paramount in grant agencies' decisions to fund scientific research. In Cognitive Economy, Nicholas Rescher outlines a general theory for the cost-effective use of intellectual resources, amplifying the theories of Charles Sanders Pierce, who stressed an \u201ceconomy of research.\u201d Rescher discusses the requirements of cooperation, communication, cognitive importance, cognitive economy, as well as the economic factors bearing on induction and simplicity. He then applies his model to several case studies and to clarifying the limits imposed on science by economic considerations.

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