Broadly stated, the task is to replace the global rationality of economic man with a kind of rational behavior that is compatible with the access to information and the computational capacities that are actually possessed by organisms, including man, in the kinds of environments in which such organisms exist.
Herbert SimonRelated topics
compatible kind man task globalRelated quotes
To be of no church is dangerous. Religion, of which the rewards are distant, and which is animated only by faith and hope, will glide by degrees out of the mind unless it be invigorated and reimpressed by external ordinances, by stated calls to worship, and the salutary influence of example.
Samuel Johnson
In mainstream economic theory, the firm and the market are, for the most part, assumed to exist and are not themselves the subject of investigation. One result has been that the crucial role of the law in determining the activities carried out by the firm and in the market has been largely ignored.
Ronald Coase
I'm not unmindful of man's seeming need for faith; I'm for anything that gets you through the night, be it prayer, tranquilizers, or a bottle of Jack Daniel's. But to me religion is a deeply personal thing in which man and God go it alone together, without the witch doctor in the middle.
Frank Sinatra