Homo Economicus


Also found in: Dictionary, Encyclopedia, Wikipedia.

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.
References in periodicals archive ?
Thus, to use a term not coined by Moral Markets, one could say that Homo moralis ("moral man"), rather than Homo economicus, ought to be the model employed when considering the problems and predicaments of humankind.
Homo Economicus on the other hand, cares only about economic satisfaction.
Cognitive biases do a good job at illustrating shortcomings of an overly-rational homo economicus, but fail to provide a better alternative.
Por su parte, Sen argumenta que el enfoque del homo economicus tiene dificultades para explicar el comportamiento real, por ejemplo, por que no se toma la ultima manzana de una canasta de frutas o no se elige el trozo de torta mas grande, o por que se donan organos a desconocidos o se ayuda a un anciano a cruzar la calle.
Homo economicus belief is the assumption that human beings are rational decision makers who have the motivation to maximize their own self-interest in social interactions, and is regarded as the basic humanity hypothesis of economics (Smith, 1776/1937; Xin & Liu, 2013).
Pero quiza lo mas impactante que se trasluce en el pensamiento weberiano es la veneracion de la razon de Estado, convirtiendose en un estrecho seguidor de Maquiavelo; y vinculando dicha concepcion con los ideales liberales de Adam Smith y sus epigonos: "El aparato burocratico estatal y su caracteristico homo politicus racional, al igual que el homo economicus, cumple sus tareas, (.
Equating rationality with the intelligent pursuit of private gain, (1) Homo economicus is 'dictated and dominated by the rationality of industry and utility.
Quoting Karl Marx he said human beings were homo economicus (economic beings) where everyone has a right to profit, prosperity and productivity which if denied would result in conflict.
The more the capitalist structure encourages homo economicus to walk the existential tightrope, the more it will extract from them in surplus-value.
Economics is at its most basic the study of how human beings, or homo economicus, are best able to manage scarcity in a world of conflicting wants and needs at all levels of human interaction.
In Yukleyens understanding, Muslims rationally choose between competing Islamic communities and decide which one suits their needs best in a homo economicus manner.
Con base en este argumento y al relacionarlo con la propuesta de William James de que el self consiste en tres categorias (material, social y espiritual) que interactuan, pero que son distintas entre si, es que se propone la clasificacion de los marcos de referencia antes mencionados: en a) Homo Economicus b) Homo Socialis y c) Homo Moralis.