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MULTIDISCIPLINARY PERSPECTIVES
Carlos Romero

In today's complex organizations (big companies, state agencies, trade unions, etc.), the decisional context is defined by incomplete information, limited resources, conflict of interests, etc. Within this kind of context, the decision maker does not try to maximize anything, much less a well-defined objective function. On the contrary, as Herbert Simon conjectured, in such type of decisional context the decision maker attempts to achieve a set of relevant goals as close as possible with respect to a set of targets. This type of Simonian "satisficing" philosophy is a key element if we want to enhance the productivity of modern organizations.

The emergence of global, competitive markets has dramatically augmented the growth of the productivity. However, this enormous increase of productivity implies at least two crucial challenges:

  • How to allocate the wealth derived from the growth of productivity between different social groups (i.e., workers, stakeholders, etc.).

  • How to find a balance between a continuous growth of productivity and the sustainability of the natural system.

I believe that only with a multidisciplinary perspective this type of crucial problems for mankind can be successfully solved in a relatively short period of time.

Influential Readings

  • Baumol, W. J., Oates, W. E. (1988). The Theory of Environmental Policy. Cambridge University Press.
  • Smith, A. (1970, first version 1776). The Wealth of Nations. Pelican
  • Charnes, A., Cooper, W. W. (1961). Management Models and Industrial Applications of Linear Programming. John Wiley and Sons.
  • Daly, H. (1977). Steady-state Economics: The Economics of Biophysical Equilibrium and Moral Growth. Freeman
  • Feyerabend, P. (1975). Against Method: Outline of an Anarchistic Theory of Knowledge. New Left Books.
  • Jevons, W. S. (1957, first version 1871). Theory of Political Economy. Kellay and Millman.
  • Popper, K. (1959). The Logic of Scientific Discovery. Hutchinson Group. · Simon, H. (1957). Models of Man. John Wiley and Sons.

  Carlos is a Professor of Economics at the Forestry School of the Technical University of Madrid where he was Associate Dean. He was formerly Professor of Agricultural Economics at the Faculty of Agriculture and Food of the Córdoba University and Visiting Professor at Reading University. He is chiefly interested in the development and application of Decision Analysis methods to enhance the effectiveness of the industry and the public sector. He has published extensively on this topic (twelve books plus around seventy papers in international refereed journals). He has been Guest Editor of Agricultural Systems and Annals of Operations Research.
e-mail: auggiegp@montes.upm.es.