Cao, Cung, Economics, Australian School of Business, UNSW - 2007
The purpose of this thesis is to illustrate how the role of knowledge may be themissing link in economics and to argue … that the assumption of unboundedrationality, which underpinned neoclassical economics, should be replaced bybounded …, which was founded by Herbert Simon in the 1950s, but hasnot been widely adopted in economics because the concept was …