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Source: 'Organizations and Markets' (Simon, 1991)
This node provides the full citation for Herbert A. Simon's influential 1991 paper: 'Organizations and Markets', published in the Journal of Economic Perspectives, Volume 5, Issue 2, on pages 25–44. This paper is the origin of the argument that organizations, not markets, are the most prominent features of the economic landscape, an idea famously illustrated with the Martian view thought experiment.
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Traditional Economic Focus on Markets and Prices
Source: 'Organizations and Markets' (Simon, 1991)
Herbert Simon's 1978 Nobel Prize in Economics
Simon's View of the Firm as a Composition of Individuals
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Simon's Influence on Behavioural Economics
Simon's View on the Interdisciplinary Nature of Economics
Herbert Simon's Martian View of the Economy