John R. Commons and Herbert A. Simon on the Concept of Rationality

@article{Forest2001JohnRC,
  title={John R. Commons and Herbert A. Simon on the Concept of Rationality},
  author={Joelle Forest and Caroline Mehier},
  journal={Journal of Economic Issues},
  year={2001},
  volume={35},
  pages={591 - 605}
}
H. A. Simon and J. R. Commons are known to have been influenced by an intellectual context that explains a large part of their works, but it is worth emphasizing that the concepts of rationality developed by both Simon and Commons are very similar. The aim of this paper is to make clear that Commons provided a paradigm of bounded rationality and that Simon adapted and formalized the concept. The first section of this article shows that a realistic approach to human nature stresses the non… 
Herbert A. Simon on making decisions: enduring insights and bounded rationality
Purpose – The paper aims to explore the life and contributions of one of the most influential management scholars (Herbert A. Simon), who is known as the founder and contributor to many scientific
A simonian ontology of the artificial world
The first edition of The Sciences of the Artificial will be forty years in 2009. In this book Herbert Simon (1916-2001) gives the most complete panorama of his man-made world vision. This world can
Varieties of uncertainty: a survey of the economic literature
The treatment of knowledge and uncertainty is one of the main issues in the theoretical and methodological distinction among different schools of thought and approaches in economics. This paper
On docility: a research note on Herbert Simon’s social learning theory
Purpose – The purpose of this paper is to address the core concept of docility in Simon’s learning theories and elaborate docility as a missing link in organizational performance structures. In his
Lei e ordem econômica no pensamento de John R. Commons
The paper has analyzed John R. Commons' contribution to the comprehension of Law and Economics relationship. In contrast to the orthodox economics, Commons has shown that the capitalist economic
Introduction to the special issue on the future of institutional and evolutionary economics
Abstract: This special issue of the Journal of Institutional Economics on the future of institutional and evolutionary economics consists of this introduction, four full essays, and two sizeable
Organisational decision making : a comparative study
This thesis is a study in the field of organisational decision making. The focus is on decision making where the organisation is the unit of analysis (as opposed to the individual). It is a systemic
Limited intelligence and performance-based compensation: An agent-based model of the hidden action problem
Models of economic decision makers often include idealized assumptions, such as rationality, perfect foresight, and access to all relevant pieces of information. These assumptions often assure the
Effective Central Bank Communication under Uncertainty
In the last 20 years or so, central banks around the world have become increasingly more transparent. This trend has coincided with the move toward greater central bank independence. This coincidence
John R. Commons and the Foundations of Institutional Economics
(2003). John R. Commons and the Foundations of Institutional Economics. Journal of Economic Issues: Vol. 37, No. 3, pp. 547-576.
...
...

References

SHOWING 1-10 OF 26 REFERENCES
Legal foundations of capitalism
In what has universally been recognized as a classic of institutional economics, John R. Commons combined the skills of a professional economist, the sensibilities of an American historian, and the
From substantive to procedural rationality
Rational human behavior has been a central object of study in the two distinct disciplines of economics and cognitive psychology. A person unfamiliar with the histories and contemporary research
Theories of Decision-Making in Economics and Behavioural Science
Recent years have seen important new explorations along the boundaries between economics and psychology. For the economist, the immediate question about these developments is whether they include new
Economics, Bounded Rationality and the Cognitive Revolution
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
Institutional Economics: Its Place in Political Economy, Volume 2
Commons opened Institutional Economics by declaring: ""My point of view is based on my participation in collective activities, from which I here derive a theory of the part played by collective
Models of My Life
Part I Journey to a 21st birthday: the boy in Wisconsin forests and fields education in Chicago encounter with a scientific revolution - political science at Chicago. Part II The scientist as a young
The New Institutional Economics
This outstanding book presents new original contributions from some of the world’s leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold
Action collective, travail, dynamique du capitalisme : fondements et actualité de l'économie institutionnaliste de J.R. Commons
L'analyse economique contemporaine reconnait l'importance des institutions dans la dynamique de l'economie. Par contre, peu d'auteurs utilisent la methode et les concepts de l'ecole
Rational Decision Making in Business Organizations
Lecture to the memory of Alfred Nobel, December 8, 1978(This abstract was borrowed from another version of this item.)
...
...