In his Mattioli Lectures, Nobel Laureate Professor Herbert A. Simon directs attention to the kinds of empirical research that are necessary for progress in microeconomics. He traces the development of neoclassical economic theory and its gradual retreat from empiricism to abstraction. He then discusses the importance of business firms to the economic system, and the need for a thoroughly empirical understanding of how organisations work and reach their decisions. Finally, he examines innovative approaches to empirical research, including experimental economics, observational methods for studying economic behaviour, and the kinds of simulation models that are needed to interpret decision process. A round-table discussion of these issues follows; the participants, in addition to Professor Simon, are Professors Claudio Dematte, Massimo Egidi, Richard M. Goodwin, Robert Marris, Aldo Montesano and Riccardo Viale.
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Editorial Reviews
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"The book provides an additional attractions to historians of economics in that it gives an insight into an important figure in the history of the discipline, Herbert Simon himself. ...his book offers us insights into our own bounded rationality and into his attempts at understanding these constraints and limitations, both as a historian of and a historical figure in economics." Esther-Mirjam Sent, Journal of the History of Economic Thought
Book Description
Herbert Simon is one of the most distinguished living economists, and was awarded the Nobel Prize for Economics in 1978 for his work at the intersection of economics and psychology. In his Mattioli Lectures, Professor Simon traces the evolution of microeconomics and assesses the possibilities for its future development.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
The concepts of reason and rationality are central to economics, but it must not be supposed that these concepts have retained the same meanings throughout the history of the subject. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
global rationality, organizational identification, procedural rationality, bounded rationality, organizational loyalty, actor theory, neoclassical theory, rationality concept, money illusion, new institutional economics, auxiliary assumptions Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, New York, Professor Viale, Herbert Simon, Professor Montesano, Alfred Marshall, Harvard University Press, The General Theory, University of Chicago Press, Professor Goodwin, Professor Marris, United States, Cambridge University Press, General Motors, International Encyclopedia of the Social Sciences, Englewood Cliffs, Kenneth Arrow, Milton Friedman, Professor Dematte, Professor Egidi, Professor Simon, Psychological Review, The Modern Library New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
The concepts of reason and rationality are central to economics, but it must not be supposed that these concepts have retained the same meanings throughout the history of the subject. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
global rationality, organizational identification, procedural rationality, bounded rationality, organizational loyalty, actor theory, neoclassical theory, rationality concept, money illusion, new institutional economics, auxiliary assumptions Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, New York, Professor Viale, Herbert Simon, Professor Montesano, Alfred Marshall, Harvard University Press, The General Theory, University of Chicago Press, Professor Goodwin, Professor Marris, United States, Cambridge University Press, General Motors, International Encyclopedia of the Social Sciences, Englewood Cliffs, Kenneth Arrow, Milton Friedman, Professor Dematte, Professor Egidi, Professor Simon, Psychological Review, The Modern Library New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 62
books:
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cites this book:
- The Wealth of Nations (Bantam Classics) by Adam Smith on 10 pages
- Public Administration by Herbert A. Simon on 4 pages
- Administrative Behavior, 4th Edition by Herbert A. Simon on 4 pages
- Human Problem Solving by Allen Newell on page 120, page 123, and Back Matter
- Public Policy by Christopher A. Simon in Back Matter (1), and Back Matter (2)
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