publication . Preprint . Article . 2002

Cognitive Comparative Advantage and the Organization of Work: Lessons from Herbert Simon's Vision of the Future

Richard Langlois;
Open Access
  • Published: 01 Sep 2002
In a marvelous but somewhat neglected paper, 'The Corporation: Will It Be Managed by Machines?' Herbert Simon articulated from the perspective of 1960 his vision of what we now call the New Economy the machine-aided system of production and management of the late twentieth century. Simon's analysis sprang from what I term the principle of cognitive comparative advantage: one has to understand the quite different cognitive structures of humans and machines (including computers) in order to explain and predict the tasks to which each will be most suited. Perhaps unlike Simon's better-known predictions about progress in artificial intelligence research, the predict...
free text keywords: Applied Psychology, Economics and Econometrics, Sociology and Political Science, Evolutionary psychology, Surprise, media_common.quotation_subject, media_common, Social psychology, Cognition, Progress in artificial intelligence, Sociology, Ambiguity, Perception, New economy, Comparative advantage
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