Existing uncertainties about the correct explanations for economic growth and business cycles cannot be settled by aggregative analysis within the neoclassical framework. Current disputes in theory rest largely on ad hoc, casually empirical, assumptions about departures from perfect rationality...

This article by Herbert Simon provided one of the leading alternatives to the traditional model of rational profit-maximizing behavior, bringing to the forefront of academic attention several of the key issues on which behavioral economics would eventually focus. Introduction by Lindsay...

Drawing from letters written over more than 50 years (1942–1994), this book offers a look at the thoughts and correspondence of Herbert A. Simon, one of the giants of twentieth century social science. The selections are letters from Simon’s personal correspondence, including letters to Oskar...

The purpose of this book is to publish the ideas of the late Herbert Simon and sympathetic economists, on the subject of bounded rationality, economics, cognitive science and related disciplines, and to reprint some of Professor Simon’s classic papers which have appeared in journals not widely...