Smith was certainly influenced by Newton’s analytic-synthetic method, and by his notion of “principle”. Nonetheless, in many fields of Smith’s inquiry he introduced elements which led him far from the Newtonian perspective. The present essay analyzes how historical dimensions,...

The thesis sustained is that in Hayek's work two concepts of knowledge are described. The first is an "informational knowledge" (or simply, information), which consists in a set of "data" dispersed among a multitude of agents. The second is an abstract "knowledge", known in specialistic...

The thesis put forward in this paper is that Herbert A. Simon was a distinctive theoretician of decentralized decisional systems alternative to the market, from planning to organizations. This issue emerges from the convergence of four perspectives, each with a different role and influence on...

This paper analyses two concepts considered antithetical by Hayek: constructivism and spontaneous order. The thesis is that the spontaneous order theory does not exhaustively explain the change of social systems divergent from market ones. More precisely, Hayek's approach lacks in a theory of...

The paper aims to show how Simon's notion of bounded rationality should be interpreted in the light of its connection with artificial intelligence. This connection points out that bounded rationality is a highly structured concept, and sheds light on several implications of Simon's general views...