Ockam's razor

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Oc·kam's ra·zor

(ok'ămz rā'zŏr)
The principle of scientific parsimony. William of Ockam (14th century philosopher) stated it thus: "The assumptions introduced to explain a thing must not be multiplied beyond necessity."
References in periodicals archive ?
Economics is often no longer practiced in a manner consistent with Ockam's Razor in that its product is now often not simple and not useful.