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Homo Economicus
(redirected from Homo oeconomicus)

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Homo Economicus
A person that desires to maximize his/her needs or desires. Homo economicus is used most of the time to refer to the rational economic actor, who desires wealth, does not desire to work if it can be avoided, and is able to find ways achieve those ends. This assumption is accepted by many economists, especially those who follow rational choice theory, but it remains controversial. The concept of homo economicus was developed by utilitarian thinkers, and contrasts with the constructs of behavioral economics.
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In his intriguing article "Religion and Globalization" Graf points out that the homo oeconomicus is dead.
For All People: Global Theologies in Contexts by Mattes, Mark C. / Currents in Theology and Mission
Indeed, acknowledging that the question about a Life Philosophy makes sense implies doubts about the adequacy of the strict behavioral axioms of homo oeconomicus even when they are restricted to the market sphere.
To push and be pushed by Rothschild, Kurt W. / American Economist
Modeling homo oeconomicus as a "machine" does not seem to pose any particular conceptual difficulties for economic theorists.
Is the study of complex adaptive systems going to solve the mystery ... by Kochugovindan, Sreekala; Vriend, Nicolaas J. / Independent Review
 
 
 
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