Abstract
Although I am to discuss the role of management science in the past 25 years, I thought it would be most interesting to this faculty that is celebrating its 25 anniversary to discuss the role of economics in management science. Hence, I would like to talk about some aspects of what I think to be the contribution of economic theory to the development of management science in the past 25 years, as well as its prospects for the future. Herbert Simon has told us that economists have to become interested in procedural reasoning. I am going to tell you that economists have to become a lot more interested in what I call teleological reasoning.
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© 1976 H. E. Stenfert Kroese bv, Leiden, the Netherlands
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Churchman, C.W. (1976). Management science and human values: a retrospect. In: Kastelein, T.J., Kuipers, S.K., Nijenhuis, W.A., Wagenaar, G.R. (eds) 25 Years of Economic Theory. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-4367-7_7
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DOI: https://doi.org/10.1007/978-1-4613-4367-7_7
Publisher Name: Springer, Boston, MA
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