Occam's razor(redirected from Law of Economy)
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Related to Law of Economy: law of parsimony
Variant of Ockham's razor.
(Philosophy) a variant spelling of Ockham's razor
the principle in philosophy and science that assumptions introduced to explain a thing must not be multiplied beyond necessity, and hence the simplest of several hypotheses is always the best in accounting for unexplained facts.Also called law of parsimony.
[1835–40; after William of Occam]
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|Noun||1.||Occam's Razor - the principle that entities should not be multiplied needlessly; the simplest of two competing theories is to be preferred|