Third, these general ideas are not mere words, nor do they consist in this, that certain concrete facts will every time happen under certain descript… - Charles Sanders Peirce

There never was a sounder logical maxim of scientific procedure than Ockham's razor: Entia non sunt multiplicanda praeter necessitatem. That is to say; before you try a complicated hypothesis, you should make quite sure that no simplification of it will explain the facts equally well. No matter if it takes fifty generations of arduous experimentation to explode the simpler hypothesis, and no matter how incredible it may seem that that simpler hypothesis should suffice, still fifty generations are nothing in the life of science, which has all time before it; and in the long run, say in some thousands of generations, time will be economized by proceeding in an orderly manner, and by making it an invariable rule to try the simpler hypothesis first. Indeed, one can never be sure that the simpler hypothesis is not the true one, after all, until its cause has been fought out to the bitter end. But you will mark the limitation of my approval of Ockham's razor. It is a sound maxim of scientific procedure. If the question be what one ought to believe, the logic of the situation must take other factors into account. Speaking strictly, belief is out of place in pure theoretical science, which has nothing nearer to it than the establishment of doctrines, and only the provisional establishment of them, at that. Compared with living belief it is nothing but a ghost. If the captain of a vessel on a lee shore in a terrific storm finds himself in a critical position in which he must instantly either put his wheel to port acting on one hypothesis, or put his wheel to starboard acting on the contrary hypothesis, and his vessel will infallibly be dashed to pieces if he decides the question wrongly, Ockham's razor is not worth the stout belief of any common seaman. For stout belief may happen to save the ship, while Entia non sunt multiplicanda praeter necessitatem would be only a stupid way of spelling Shipwreck. Now in matters of real practical concern we are all in something like the situation of that sea-captain.

A certain maxim of Logic which I have called Pragmatism has recommended itself to me for diverse reasons and on sundry considerations. Having taken it as my guide for most of my thought, I find that as the years of my knowledge of it lengthen, my sense of the importance of it presses upon me more and more. If it is only true, it is certainly a wonderfully efficient instrument. It is not to philosophy only that it is applicable. I have found it of signal service in every branch of science that I have studied. My want of skill in practical affairs does not prevent me from perceiving the advantage of being well imbued with pragmatism in the conduct of life.

Now, let there be an indefinite succession of these inferential acts of comparative perception; and it is plain that the last moment will contain objectively the whole series. Let there be, not merely an indefinite succession, but a continuous flow of inference through a finite time; and the result will be a mediate objective consciousness of the whole time in the last moment. In this last moment, the whole series will be recognized, or known as known before.