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The Nobel Prize in Economics was awarded to Herbert Simon in 1978. At Carnegie-MellonUniversity he holds the title of Professor of Computer Science and Psychology. These two factstogether delineate the range and uniqueness of his contributions in creating meaningful interactionsamong fields that developed in isolation but that are all concerned with human decision-making andproblem-solving processes.In particular, Simon has brought the insights of decision theory,organization theory (especially as it applies to the business firm), behavior modeling, cognitivepsychology, and the study of artificial intelligence to bear on economic questions. This has led notonly to new conceptual dimensions for theoretical constructions, but also to a new humanizingrealism in economics, a way of taking into account and dealing with human behavior and interactionsthat lie at the root of all economic activity.The sixty papers and essays contained in these twovolumes are grouped under eight sections, each with a brief introductory essay. These are: SomeQuestions of Public Policy, Dynamic Programming Under Uncertainty; Technological Change; TheStructure of Economic Systems; The Business Firm as an Organization; The Economics of InformationProcessing; Economics and Psychology; and Substantive and Procedural Reality.Most of Simon's paperson classical and neoclassical economic theory are contained in volume one. The second volumecollects his papers on behavioral theory, with some overlap between the two volumes.The secondedition of Simon's widely read and referenced The Sciences of the Artificial was published by TheMIT Press 1981 and is available in both hardcover and paperback.
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