Homo economicus: Difference between revisions
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==Characteristics of homo economicus== | ==Characteristics of homo economicus== | ||
'''Homo economicus'''can be descirbed as: | '''Homo economicus'''can be descirbed as: | ||
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== References == | == References == | ||
Revision as of 14:11, 9 April 2022
Homo Economicus is the theoretical portrait of a human who is consistently rational and self-interested. The main motive of all transactions and actions are deriving from rational egoism (D. A. Urbina and A. Ruiz-Villaverde, 2019). The term homo economicus comes from the combination of two other terms - homo sapiens (humans) and economics. Homo economicus can also be understood as economic man. The concept of homo economicus is highly discussed in economics, sociology, psychology and antropology studies.
Homo economicus
Homo economicus
Characteristics of homo economicus
Homo economicuscan be descirbed as:
References
- Ailon G. (2020), The Phenomenology of Homo Economicus. Sociological Theory, (38.1),36-50.
- Leonard L. (2006), In Search of Homo Economicus: Cognitive Noise and the Role of Emotion in Preference Consistency Journal of Consumer Research, vol. 36, no. 2, pp. 173–87.
- Urbina D. A. and Ruiz-Villaverde A. (2019), A Critical Review of Homo Economicus from Five Approaches. American Journal of Economics and Sociology, (78), 63-93.
Author: Nikita Shtemenko
