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Economic measurement
William Thomson, Lord Kelvin, discovered the second law of thermodynamics and was the engineer for the first transatlantic telecommunications cable. He said:
“ when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely in your thoughts advanced to the state of science, whatever the matter may be”
cogentsi holds to the view that evidence and measurement are fundamental to strategy and choosing priorities. The links below lead to some examples of the way we have brought the principles of economic measurement to bear on real issues, to shape decisions and resource allocation.
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