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Herbert A. Simon
American
June 15, 1916
Economist
Like Humpty Dumpty, we can make words mean anything we want them to mean.
Herbert A. Simon
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Whereas economic man maximises, selects the best alternative from among all those available to him, his cousin, administrative man, satisfices, looks for a course of action that is satisfactory or 'good enough'.
Herbert A. Simon
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When computers came along, I felt for the first time that I had the proper tools for the kind of theoretical work I wanted to do. So I moved over to that, and that got me into psychology.
Herbert A. Simon
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I started off thinking that maybe the social sciences ought to have the kinds of mathematics that the natural sciences had. That works a little bit in economics because they talk about costs, prices and quantities of goods.
Herbert A. Simon
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