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 \u201ceconomy of research.\u201d 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.
- ISBN10 0822936178
- ISBN13 9780822936176
- Publish Date December 1989 (first published 15 October 1989)
- Publish Status Out of Print
- Out of Print 19 October 2003
- Publish Country US
- Imprint University of Pittsburgh Press
- Format Hardcover
- Pages 178
- Language English