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    Herbert A. Simon


    Photo of Herbert A.  Simon
    Professor of political science from 1942-49 and winner of the 1978 Nobel Prize in Economics. Simon is attributed with the creation of behavioral economics. His 1947 book, Administrative Behavior, was a major development in the understanding of organizational decision-making processes. Much of modern business economics and administrative research is based on his groundbreaking, interdisciplinary work.

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    Last modified: 09/27/2013 10:50:18

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