Sentences with phrase «on homo economicus»

The economic theory based on Homo economicus has no place in for any notion of fairness or justice.

Not exact matches

Homo economicus would take the teaser rate but keep making new purchases on his old card.

The ethical paradigm of neoclassical economics centers on «homo economicus,» who is driven by self - interest to seek the maximization of subjective material preferences — which is shown to be achievable (under highly restrictive assumptions) by competitive markets.

Thrown back on our own resources we feel betrayed, lonely, and isolated We become homo economicus and are stripped of our self - imposed illusions about the future.

But economists rarely comment on the fact that Homo economicus is abstracted from the relational and communal character of actual human beings.

In addition this theory and practice are based on a highly individualistic view of homo economicus.

There is homo economicus, on the one hand, who rationally calculates private economic advantage.