Economics and Rationality of organizations: an approach to the work of Herbert A. Simon

Fernando Estrada

MPRA Paper from University Library of Munich, Germany

Abstract: One of the main achievements of Herbert A. Simon in organizational theory is analytically evaluating the psychology of individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article provides an assessment of the contributions of Simon's theory of organizations with special emphasis on the criterion of bounded rationality. It is interpreted Simon's criticism of the orthodox version of organizational bureaucracy and extends his analysis to the new institutional economics.

Keywords: Economic theory; organizations; Herbert Simon; bounded rationality; Kahneman; Schelling; decision theory. (search for similar items in EconPapers)
JEL-codes: A1 A10 B1 B10 B15 B4 B41 C7 C72 D0 D7 D8 D81 G3 G30 L2 (search for similar items in EconPapers)
Date: 2010-04-01
New Economics Papers: this item is included in nep-evo and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21811

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