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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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