parsimony

noun4

1. •
   With a negative connotation: great reluctance to spend money or other resources; miserliness, stinginess; (countable) an instance of this.

   • [T]he fauour of Princes and Magistrates norysheth, augmenteth, and amplyfyeth all artes and sciences by liberalitie, and extynguysheth the same by miserable couetousnes and parcimonie. — 1561
2. •
   Chiefly in law of parsimony, principle of parsimony, etc.: the quality or characteristic of using the fewest facts or resources to explain a situation or to solve a problem.
3. •
   (no longer used) The quality of not generously giving, showing, or using something intangible, such as emotion, praise, or words.

   • By this rememberance of that usual parsimony in ovvners of VVit, tovvards such as vvould make use of their plenty, I lament the fortune of others, and may vvith the Reader to congratulate mine; […] — 1650
4. •
   (no longer used) With a positive connotation: careful spending of money or other resources; frugality, thrift; (countable) an instance of this.

   • [T]he feeble and vveake complexion of our bodies; hath at al times serued as a soueraigne aduertisement, to the holie life of sobrietie and parsimonie. — 1593