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Herbert Simon: bounded rationality y teoría de las organizaciones
[Herbert Simon: bounded rationality and organizations theory]


  • 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, 2012. "Herbert Simon: bounded rationality y teoría de las organizaciones
    [Herbert Simon: bounded rationality and organizations theory]
    ," MPRA Paper 38686, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38686

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    References listed on IDEAS

    1. Nicolai J. Foss, "undated". "The Rhetorical Dimensions of Bounded Rationality: Herbert A. Simon and Organizational Economics," IVS/CBS Working Papers 2002-07, Department of Industrial Economics and Strategy, Copenhagen Business School.
    2. Frantz, Roger, 2003. "Herbert Simon. Artificial intelligence as a framework for understanding intuition," Journal of Economic Psychology, Elsevier, vol. 24(2), pages 265-277, April.
    3. Massimo Egidi & Luigi Marengo, 2002. "Cognition, institutions, near decomposability: rethinking Herbert Simon's contribution," CEEL Working Papers 0206, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
    4. Nicolai J. Foss, "undated". "Simon's Grand Theme and the Economics of Organization," IVS/CBS Working Papers 2001-9, Department of Industrial Economics and Strategy, Copenhagen Business School.
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    More about this item


    Herbert Simon; Bounded rationality; Organizaciones; Racionalidad Limitada; Teoría de las Decisiones; Economía Institucional;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • D2 - Microeconomics - - Production and Organizations
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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