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An Empirically-Based Microeconomics

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  • Simon,Herbert A.

Abstract

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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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521118361 and published in 2009.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521118361
Handle: RePEc:cup:cbooks:9780521118361

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Web page: http://www.cambridge.org

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Cited by:
  1. Vahabi, Mehrdad, 2003. "La contrainte budgétaire lâche et la théorie économique
    [Soft Budget Constraint and Economic Theory]
    ," MPRA Paper 17651, University Library of Munich, Germany.
  2. Vanesa Valeria D’Elia, 2009. "El sujeto económico y la racionalidad en Adam Smith," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 11(21), pages 37-43, July-Dece.
  3. Artikov, Ikrom S. & Lynne, Gary D., 2005. "Climate Change and Farm Use of Weather Information," 2005 Annual meeting, July 24-27, Providence, RI 19332, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Yakov Ben-Haim & Maria Demertzis, 2008. "Confidence in Monetary Policy," DNB Working Papers 192, Netherlands Central Bank, Research Department.
  5. Amavilah, Voxi Heinrich, 2010. "Introducing Anthropological Foundations of Economic Behavior, Organization, and Control," MPRA Paper 22921, University Library of Munich, Germany.

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