Category Archives: Economics

Satisficing

First introducing the term in 1947, and developing it more fully in 1956, Herbert Simon used the portmanteau satisficing, to express the fact that human decision making will always be less than optimal. To refresh your memory, a portmanteau is … Continue reading

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Economic development and development economics

Economic development and development economics are related concepts that refer to our efforts to understand and eradicate the economic disparities that exist between nations, as well as between regions within individual countries, and even between neighboring communities. While socioeconomic inequality … Continue reading

Posted in change management, Economics | Tagged , , , , , | 1 Comment