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Homo Economicus
(redirected from Economic man)

    Also found in: Wikipedia 0.06 sec.
Homo Economicus
The rational human being that many economists use when deriving, explaining, and verifying their theories and models.

Notes:
The basis for a majority of economic models is the assumption that all human beings are rational and will always attempt to maximize their utility - whether it be from monetary or non-monetary gains.

Many people disagree over the assumption underlying the homo economicus, so it continues to be a point of contention.



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One who is ignorant of the past, is likely "to assume the persona put upon him by the current fashions and pressures, which in the present age will most often mean reduction to economic man.
Reverence for the eternal by Dougherty, Jude P. / Modern Age
Finally, in the performing arts we can usually have demand only when there is supply--reversing every precept known to modern economic man.
Lakes of swans by Barnes, Clive / Dance Magazine
In many ways, he made for an unlikely leading economic man.
Power Shifts From Wall Street to Rogues by LEWIS, MICHAEL / Los Angeles Business Journal
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