What is Occam's Razor?
Occam's (or Ockham's) razor is a principle attributed to the 14th century logician and Franciscan friar; William of Occam. Ockham was the village in the English county of Surrey where he was born.
The principle states that "Entities should not be multiplied unnecessarily." Sometimes it is quoted in one of its original Latin forms to give it an air of authenticity.
"Pluralitas non est ponenda sine neccesitate"
"Frustra fit per plura quod potest fieri per pauciora"
"Entia non sunt multiplicanda praeter necessitatem"
In fact, only the first two of these forms appear in his surviving works and the third was written by a later scholar. William used the principle to justify many conclusions including the statement that "God's existence cannot be deduced by reason alone." That one didn't make him very popular with the Pope.
Many scientists have adopted or reinvented Occam's Razor as in Leibniz' "identity of observables" and Isaac Newton stated the rule: "We are to admit no more causes of natural things than such as are both true and sufficient to explain their appearances."
The most useful statement of the principle for scientists is,
"when you have two competing theories which make exactly the same predictions, the one that is simpler is the better."
In physics we use the razor to cut away metaphysical concepts. The canonical example is Einstein's theory of special relativity compared with Lorentz's theory that ruler's contract and clocks slow down when in motion through the Ether. Einstein's equations for transforming space-time are the same as Lorentz's equations for transforming rulers and clocks, but Einstein and Poincaré recognized that the Ether could not be detected according to the equations of Lorentz and Maxwell. By Occam's razor it had to be eliminated.
The final word is of unknown origin, although it's often attributed to Einstein, himself a master of the quotable one liner:
"Everything should be made as simple as possible, but not simpler."
The pithiness of this quote disguises the fact that no one knows whether Einstein said it or not (this version comes from the Reader's Digest, 1977). It may well be a precis of the last few pages of his "The Meaning of Relativity" (5th edition), where he wrote about his unified field theory, saying "In my opinion the theory here is the logically simplest relativistic field theory that is at all possible. But this does not mean that nature might not obey a more complex theory. More complex theories have frequently been proposed. . . In my view, such more complicated systems and their combinations should be considered only if there exist physical-empirical reasons to do so."