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Herbert Simon y la economía organizacional
[Herbert Simon and the organizational economic]


  • Estrada, Fernando


This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One of Simon’s main achievements in organizational theory consisted of analytically evaluating the psychology of individual and collective behaviour, thereby opening up the way for future investigation by D. Kahneman and T. Schelling.

Suggested Citation

  • Estrada, Fernando, 2006. "Herbert Simon y la economía organizacional
    [Herbert Simon and the organizational economic]
    ," MPRA Paper 20071, University Library of Munich, Germany, revised 10 Jan 2007.
  • Handle: RePEc:pra:mprapa:20071

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    References listed on IDEAS

    1. Simon, Herbert A., 2000. "Barriers and bounds to Rationality," Structural Change and Economic Dynamics, Elsevier, vol. 11(1-2), pages 243-253, July.
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    Cited by:

    1. Daimer Higuita López, 2012. "Interiorización de las manifestaciones culturales en los miembros de la organización," REVISTA FACULTAD DE CIENCIAS ECONÓMICAS, UNIVERSIDAD MILITAR NUEVA GRANADA, December.
    2. Estrada, Fernando, 2011. "Financial crises, asymmetric information and argumentation," MPRA Paper 35080, University Library of Munich, Germany.
    3. Estrada, Fernando, 2010. "Theory of argumentation in financial markets," MPRA Paper 21824, University Library of Munich, Germany.
    4. Estrada, Fernando, 2015. "As crises financeiras
      [Financial crises]
      ," MPRA Paper 61418, University Library of Munich, Germany.
    5. Estrada, Fernando, 2010. "Información y persuasión en los mercados financieros
      [Information and persuasion in financial markets]
      ," MPRA Paper 20158, University Library of Munich, Germany.
    6. Estrada, Fernando, 2012. "Asymmetric information and financial markets," MPRA Paper 39025, University Library of Munich, Germany.

    More about this item


    Herbert A. Simon; organization; limited rationality; decision theory; institutional economics;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists


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