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Synopsis
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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Review
"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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- PublisherCambridge University Press
- Publication date2009
- ISBN 10 0521118360
- ISBN 13 9780521118361
- BindingPaperback
- LanguageEnglish
- Number of pages236
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An Empirically-Based Microeconomics
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Paperback. Condition: new. Paperback. 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. 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. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9780521118361
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