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Cognitive Economy

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Cognitive Economy Synopsis

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 "economy of research." 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.

About This Edition

ISBN: 9780822985204
Publication date:
Author: Nicholas Rescher
Publisher: University of Pittsburgh Press
Format: Paperback
Pagination: 178 pages
Genres: Philosophy
Philosophy of science
Impact of science and technology on society

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