Research Paper (postgraduate) from the year 2021 in the subject Philosophy - Miscellaneous, grade: 1.3, ESCP Europe, course: Philosophy of Science, language: English, abstract: This coursework aims to present critical rationalism and its great thinker Karl Popper as well as Hans Albert. However, this coursework place greater emphasis on Karl Popper as the founder of this school of thought. As a result, the scientific and theoretical foundations of this important school of thought is presented as well as its introduction to Popper's and Albert's explanations. The major currents of epistemology, which were decisive for the development of critical rationalism, are presented right after the introduction, which is part of the second section. Section three starts with Popper's identification of the induction and demarcation problem. Based on the basic problems of induction and demarcation, section four starts to set out the emerging critical rationalism following by a detailed examination of the methodology according to Popper, his theory of falsification, and Hans Albert as an important German representative. Finally, section five contains a critical appraisal and a conclusion.