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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.
Last modified: 02/12/2013 07:12:02