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Homo Economicus |
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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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| Today, in the transition from old "socialist man" to a new Homo Economicus, it has become a moral duty to be a self-reliant, responsible and rational citizen of China. A key theme of the book is an anti-globalization slant that sees the policies and practices of such international trade and banking organizations as the IMF, World Bank and WTO inimical to the development of socially just societies, since they are largely driven by the narrow homo economicus view of the world. culture has made great strides in transforming Americans into pure economic agents, the homo economicus that has so worried modern papacies. |
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Homo Economicus
