Why Does It Important To Extend One's Knowledge?

When looking at the natural sciences, we will see that doubting oneself is important in order to extend one’s knowledge. The sciences can be seen, as reliable sources because they use the scientific method and reasoning as a way of knowing, however the natural sciences are harder to control and to predict because of human irrationality and other variables that cannot be controlled. Thus, doubting could be a good thing since not everything could be known for sure.

In 2008, occurred the financial crisis, which is considered as the worst financial crisis since the Great Depression in the 1930’s. The contagion originally began its process in 2006 when the mortgage market in the United States started increasing the rate of mortgage default. Then in late 2006, the prices in housing decreased after a decade of remarkably high increase. Thus, the primary source of wealth for most Americans became progressively devalued. And by late 2007, the rate of mortgage default rates increased significantly. Then in early 2008, the investment expenditure, which decreased already in 2006, spread to investment in business equipment and consumer spending. Then, in the summer of 2008, the consumer spending as well as the GDP of the country fell ominously. …show more content…
However, empiricism is the theory that all knowledge is based on experience derived from the sense experience and sensory perception. Empiricism stresses the role of experiences and evidences. Empiricists believe that all knowledge relies on past experiences. Empiricism relies on inductive reasoning. Inductive reasoning is making broad generalizations from specific observations. This is how many theories were and are still created. In order to use the inductive reasoning, the scientific method is used which is observing and drawing conclusions based on the evidence, while rationalism doesn’t need to be proven because it only relies on