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No one has characterized market mechanisms better than Friedrich von Hayek

Herbert Simon

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Herbert Simon
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More quotes by Herbert Simon

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The world is vast, beautiful, and fascinating, even awe-inspiring - but impersonal. It demands nothing of me, and allows me to demand nothing of it.
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A complex decision is like a great river, drawing from its many tributaries the innumerable premises of which it is constituted.
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All correct reasoning is a grand system of tautologies, but only God can make direct use of that fact
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Human beings know a lot of things, some of which are true, and apply them. When we like the results, we call it wisdom.
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Solving a problem simply means representing it so as to make the solution transparent.
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Most of us really aren't horribly unique. There are 6 billion of us. Put 'em all in one room and very few would stand out as individuals. So maybe we ought to think of worth in terms of our ability to get along as a part of nature, rather than being the lords over nature
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Engineering, medicine, business, architecture and painting are concerned not with the necessary but with the contingent - not with how things are but with how they might be - in short, with design.
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In the computer field, the moment of truth is a running program all else is prophecy.
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Many individuals and organization units contribute to every large decision, and the very problem of centralization and decentralization is a problem of arranging the complex system into an effective scheme.
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Innovation has a lot to do with your ability to recognise surprising and unusual phenomena.
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I don't care how big and fast computers are, they're not as big and fast as the world.
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By 1985, machines will be capable of doing any work Man can do.
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The proper study of mankind is the science of design.
Herbert Simon
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Mathematics is a language. We want scientists to be able to read it, speak it, and write it. But we are are not training them to be grammarians.
Herbert Simon
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What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
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Because he treats the world as rather empty and ignores the interrelatedness of all things (so stupefying to thought and action), administrative man can make decisions with relatively simple rules of thumb that do not make impossible demands upon his capacity for thought.
Herbert Simon
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There are no morals about technology at all. Technology expands our ways of thinking about things, expands our ways of doing things. If we're bad people we use technology for bad purposes and if we're good people we use it for good purposes.
Herbert Simon
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Technology may create a condition, but the questions are what do we do about ourselves. We better understand ourselves pretty clearly and we better find ways to like ourselves
Herbert Simon
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Anything that gives us new knowledge gives us an opportunity to be more rational.
Herbert Simon
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The social sciences, I thought, needed the same kind of rigor and the same mathematical underpinnings that had made the 'hard' sciences so brilliantly successful.
Herbert Simon