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Homo Economicus
(redirected from Rational economic man)

    Also found in: Wikipedia 0.40 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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