Economics Summary and review paper Essay Example | Topics and Well Written Essays - 4000 words

economic science Summary and review paper - Essay ExampleFurther, he discusses the often absurd state of universe human, along with the challenges that our often conflicting needs and wants pose. In doing so, Simon conceptualizes the constructs humans use to make sense of their creator and how they apply a common denominator to the various claims that are made on our conflicting stimuli, which may be called the Good or utility. His penchant for the human element is what led him to the social sciences is general, and political economy more specifically.Simon depicts economics as an interest in human end making, and especially an interest in how human beings administer with the obscureities, the uncertainties, and the goal conflicts and incommensurabilities of everyday personal and professional life. He asserts that economics is a critical discipline because the assignation of individual or organizational resources - how it is done, and how it ought to be done - remains a centra l question around the human condition. In order to address this central question of allocation, Simon found it necessary to migrate from his collection plate disciplines of political science and economics into uncharted territory, such(prenominal) as psychology, computer science and artificial intelligence. agree to Simon, these disciplines are where he has spent the bulk of his time since reaching this realization.This broadened view of economics provided Simon with tremendous sixth sense into human economic behavior. He saw a creature of bounded rationality using techniques of trial-and-error search to happen upon satisficing - good-enough - courses of action. His expanded disciplinary experience enabled him to apply computer modeling to show that these techniques could sexual conquest for the data of human problem solving in a range of both simple and complex situations. Simons ideas, by his own admission, remain outside of the mainstream of modern economics, but he assert s that they will eventually find their way into the main stream. He maintains that they provide a realistic figure of speech of human choice, a picture that may instruct us about some of the most puzzling problems confronting economics today decision making under uncertainty, business cycles with their accompanying natural or unnatural unemployment, the role of entrepreneurship in investment, and others.He goes on to consider the duties incumbent on humans from an economic standpoint, both positive and negative. These duties might be considered from an individual and societal point of view, and encompass the realm from doing no harm to leaving at least(prenominal) as attractive a range of options to future generations to eliminating poverty. He concludes that a merger of scientific disciplines such as he embraced in his own life holds the promise of offering better dos than the parochialism of life-long adherence to a single discipline. Ultimately, Simon has sought to apply concr ete science and mathematics to social science as a field of virgin snow on which one could imprint ones characters. His interdisciplinary approach promises to raise and answer questions for economics that might not otherwise have entered our consciousness.Scientific Humanism as an Ideal, Shigeto