No one has characterized market mechanisms better than Friedrich von Hayek.

Quote by Herbert Simon

Topics: Herbert Simon Quotes

Everyone designs who devises courses of action aimed at changing existing situations into preferred ones.

Everyone designs who devises courses of action aimed at changing existing situations into preferred ones.

The engineer, and more generally the designer, is concerned with how things ought to be...

The engineer, and more generally the designer, is concerned with how things ought to be...

The social sciences, I thought, needed the same kind of rigor and the same mathematical...

The social sciences, I thought, needed the same kind of rigor and the same mathematical...

One of the first rules of science is if somebody delivers a secret weapon to...

One of the first rules of science is if somebody delivers a secret weapon to...

What information consumes is rather obvious: it consumes the attention of its recipients. Hence a...

What information consumes is rather obvious: it consumes the attention of its recipients. Hence a...

The proper study of mankind is the science of design.

The proper study of mankind is the science of design.

There are no morals about technology at all. Technology expands our ways of thinking about...

There are no morals about technology at all. Technology expands our ways of thinking about...

Human beings, viewed as behaving systems, are quite simple. The apparent complexity of our behavior...

Human beings, viewed as behaving systems, are quite simple. The apparent complexity of our behavior...

Human knowledge has been changing from the word go and people in certain respects behave...

Human knowledge has been changing from the word go and people in certain respects behave...

Engineering, medicine, business, architecture and painting are concerned not with the necessary but with the...

Engineering, medicine, business, architecture and painting are concerned not with the necessary but with the...

In the computer field, the moment of truth is a running program; all else is...

In the computer field, the moment of truth is a running program; all else is...

Most of us really aren't horribly unique. There are 6 billion of us. Put 'em...

Most of us really aren't horribly unique. There are 6 billion of us. Put 'em...

Learning is any change in a system that produces a more or less permanent change...

Learning is any change in a system that produces a more or less permanent change...

One finds limits by pushing them.

One finds limits by pushing them.

Anything that gives us new knowledge gives us an opportunity to be more rational.

Anything that gives us new knowledge gives us an opportunity to be more rational.

All correct reasoning is a grand system of tautologies, but only God can make direct...

All correct reasoning is a grand system of tautologies, but only God can make direct...

Technology may create a condition, but the questions are what do we do about ourselves....

Technology may create a condition, but the questions are what do we do about ourselves....

I don't care how big and fast computers are, they're not as big and fast...

I don't care how big and fast computers are, they're not as big and fast...

The world is vast, beautiful, and fascinating, even awe-inspiring - but impersonal. It demands nothing...

The world is vast, beautiful, and fascinating, even awe-inspiring - but impersonal. It demands nothing...

Forget about Nobel prizes; they aren't really very important.

Forget about Nobel prizes; they aren't really very important.