Occam's razor

[Julian]

Principle established by the [logician] William of Ockham in the 14th century. Like the Principle [of Parsimony], this theory states that one should not make unnecessary assumptions and that the answer to a problem is often the simplest. It is the basis of methodological reductionalism and applications of its principles are commonly used in modern strategy and economics. *also [ockhams razor]