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Cognitive Economy: The Economic Dimension of the Theory of Knowledge
by Nicholas Rescher
University of Pittsburgh Press, 1989
Paper: 978-0-8229-8520-4 | eISBN: 978-0-8229-7664-6 | Cloth: 978-0-8229-3617-6
Library of Congress Classification BD161.R469 1989
Dewey Decimal Classification 001

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ABOUT THIS BOOK
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.
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