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John R. Commons And Herbert A. Simon

Author

Listed:
  • Joelle Forest

    (EVS - Environnement, Ville, Société - ENS de Lyon - École normale supérieure de Lyon - Mines Saint-Étienne MSE - École des Mines de Saint-Étienne - IMT - Institut Mines-Télécom [Paris] - UL2 - Université Lumière - Lyon 2 - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - INSA Lyon - Institut National des Sciences Appliquées de Lyon - Université de Lyon - INSA - Institut National des Sciences Appliquées - UJM - Université Jean Monnet - Saint-Étienne - ENTPE - École Nationale des Travaux Publics de l'État - ENSAL - École nationale supérieure d'architecture de Lyon - CNRS - Centre National de la Recherche Scientifique - ALLHiS - Approches Littéraires, Linguistiques et Historiques des Sources - UJM - Université Jean Monnet - Saint-Étienne)

Abstract

We know that H.A. SIMON and J.R. COMMONS (1862-1945) were influenced by an intellectual context which explains for a large part their works; however, we would like to emphasize that the concepts of rationality developed by both H.A. SIMON and J.R. COMMONS are very similar. Especially, we would like to clarify that J.R. COMMONS provided the basis of a paradigm of bounded rationality, and that H.A. SIMON adapted and formalized the concept. In the first section of this article, we will show that a realistic approach of human nature stresses the non-rational character of behavior, more than this. This non-rationality, or let's say, reasonableness, is the crucial issue in a theory of decision. In the second section, we will show that if their theories of decision are the core of their political economy, the difference in their objectives lead them to emphasize different implications towards in their close concept of rationality.

Suggested Citation

  • Joelle Forest, 2001. "John R. Commons And Herbert A. Simon," Post-Print halshs-00705228, HAL.
    • Handle: RePEc:hal:journl:halshs-00705228
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    Cited by:

    1. Volchik Vyacheslav, 2011. "Facilities of original institutional economics in research of institutional changes," Journal of Economic Regulation Journal of Economic Regulation (Вопросы регулирования экономики), CyberLeninka;Общество с ограниченной ответственностью «Гуманитарные перспективы», vol. 2(4), pages 24-38.
    2. Swoboda, Bernhard & Elsner, Stefan & Olejnik, Edith, 2015. "How do past mode choices influence subsequent entry? A study on the boundary conditions of preferred entry modes of retail firms," International Business Review, Elsevier, vol. 24(3), pages 506-517.
    3. David Dequech, 2008. "Varieties of uncertainty: a survey of the economic literature," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211223070, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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