The problem of designing, managing, and coordinating the efforts of different parts of complex organizations is central to the management and organizations literature. A central element, in turn, of Simon's (1962) argument, which provides a foundation for understanding complex organizations, is...

The paper discusses some fundamental features of the 'Simonian' research program in microeconomics and compare them with two streams of thought which find their roots into Simon's pathbreaking work since the '50s and '60s, namely Transaction Cost Economics and Evolutionary Economics. One argues...