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The "Carnegie School" was a so called "Freshwater" economics intellectual movement in the 1950s and 1960s based at Carnegie Mellon University and led by Herbert Simon, James March, and Richard Cyert. The focus of the research was on organizational behavior and the application of decision analysis, management science, and psychology as well as theories such as bounded rationality to the understanding of the organization and the firm. Organizations, Administrative Behavior, and A Behavioral Theory of the Firm were three highly influential works done by researchers at the Carnegie School as well as work by Victor Vroom, Oliver E. Williamson and other faculty and graduate students. The interdisciplinary approach featured faculty at Carnegie Mellon's departments of economics, business, public policy, psychology, computer science, and statistics.

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