Posts Tagged ‘economy’

What Is The Law Of Parsimony?

Thursday, October 9th, 2008

The law of parsimony, also called the law of economy or Ockham’s razor, proposes that a problem should be stated in its basic and simplest terms. In scientific terms, it states that the simplest theory that fits the facts of a problem should be the one selected. Credit for outlining the law is usually give to William of Ockham (1284? - 1347?), an English philosopher and theologian, who wrote that “entities must not be multiplied beyond what is necessary.”

[Source : The Handy Science Answer Book]

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