Abstract

One of the most enduring contributions of Sir Karl Popper to the philosophy of science was his deductive approach to the scientific method, as opposed to Hilary Putnam’s absolute faith in science as an inductive process. Popper’s logic of discovery counters the whole inductive procedure that modern science is so often identified with. While the inductive method has generally characterized how scientists commence their work in laboratories, for Popper scientific theories actually start with generalizations inside our mind whose validity the scientific method must test until those come to be falsified. A step further in the scientific method is the function of paradigms that Thomas Kuhn’s revolutionary science has developed. Kuhn’s community and consensus-based approach and Popper’s hypothesis-based approach are both important in the development of science as it is. This paper seeks to show how models of development may be integrated in the above debate in order to derive insightful implications that are crucial to the understanding of economic progress and human development.