An Empirically-Based Microeconomics

By:

Herbert A. Simon

Format:

Paperback / softback

Series:

Raffaele Mattioli Lectures

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Description

In his Mattioli Lectures, Nobel Laureate Professor Herbert A. Simon directs attention to the kinds of empirical research that are necessary for progress in microeconomics. He traces the development of neoclassical economic theory and its gradual retreat from empiricism to abstraction. He then discusses the importance of business firms to the economic system, and the need for a thoroughly empirical understanding of how organisations work and reach their decisions. Finally, he examines innovative approaches to empirical research, including experimental economics, observational methods for studying economic behaviour, and the kinds of simulation models that are needed to interpret decision process. A round-table discussion of these issues follows; the participants, in addition to Professor Simon, are Professors Claudio Dematte, Massimo Egidi, Richard M. Goodwin, Robert Marris, Aldo Montesano and Riccardo Viale.

Release date Australia

August 20th, 2009

Author

Herbert A. Simon

Audience

Postgraduate, Research & Scholarly

Illustrations

Worked examples or Exercises

Pages

236

Series

Raffaele Mattioli Lectures

Dimensions

152x229x13

ISBN-13

9780521118361

Product ID

3214924

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