Cognitive Economy: The Economic Dimension of the Theory of Knowledge

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University of Pittsburgh Pre, Oct 15, 1989 - Philosophy - 178 pages
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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 “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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Contents

Knowledge and Sceptism in Economic Perspective
3
The Economics of Trust and Cooperation
33
Economic Aspects of Communication
47
Importance and Economic Rationality
69
Induction Simplicity and Cognitive Economy
82
Economics and the Methodology of Inquiry
108
Cost Escalation In Empirical Inquiry
131
Notes
155
Name Index
167
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About the author (1989)

Nicholas Rescher is University Professor of Philosophy at the University of Pittsburgh, and chairman of the Center for Philosophy of Science. He is the author or editor of nearly one hundred books, including Aporetics: Rational Deliberation in the Face of Inconsistency, and Ignorance: (On the Wider Implications of Deficient Knowledge).

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