ECONOMICS AS A SCIENCE OF THE ARTIFICIAL

GHIURCA Camelia, Alexandru Ioan Cuza University of Iasi

Abstract:
This article explores Herbert A. Simon’s view on economics as described in his first work “The Sciences of the Artificial”. Although the book is less famous than his 1945 book “The Administrative Behavior”, it still contains important ideas about the human behaviour, relevant today not only for economics, but also for other disciplines such as design and ergonomics. Economics is presented as a science of the artificial and its core concept – the man is seen as an artificial or behaving system. Simon’s perspective is placed in a historical context, underlying his critique of neoclassical economics and his ideas on rationality and decision making.

Keywords: Herbert A. Simon, Bounded rationality, Human behavior, Decision making, Behavioural economics

JEL Classification: B21, B3, N00

Volume: 71, Issue: 5

Pages: 39 - 46

Publication date: December, 2019

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/71503ghiurca.pdf

”Cite