| 1 | Name: | Dr. James G. March | |
| Institution: | Stanford University | ||
| Year Elected: | 2001 | ||
| Class: | 3. Social Sciences | ||
| Subdivision: | 301. Anthropology, Demography, Psychology, and Sociology | ||
| Residency: | Resident | ||
| Living? : | Deceased | ||
| Birth Date: | 1928 | ||
| Death Date: | September 27, 2018 | ||
James March is correctly regarded as the inventor and developer, with Herbert Simon, of the entire field of organizational research. His work is quintessentially interdisciplinary as demonstrated by his contributions to leading academic journals in sociology, psychology, political science, and economics. His works on organizations and decision making have shaped thinking about rationality, learning, and change in business firms, universities, and public organizations. His contributions to contemporary thinking include ideas about bounded rationality, the political nature of business firms, organizational slack and search, limitations in the concept of power, temporal sorting (garbage can) models of choice, the problems of balancing exploitation and exploration in adaptive systems, the myopia of learning and the symbolic elements in organizational life. | |||