Exact(2)
But the study of "economic man" is pursued by economic men themselves, and not insignificantly, the award of a Nobel Prize in economics has real-life consequences for the winner and for the "economic world".
And he thought that the only way to avoid these wars was to be rational in the very odd sense which economists have since developed – that is, to become economic men, wholly devoted to our own interests.
Similar(58)
There's a figure in economics, sometimes derisively called "Economic Man".
This was the era when Chicago School economics ruled, and the rational economic man seemed to be triumphant.
As it excavates the foundations, the burgeoning school of behavioural economics is shouldering aside the desiccated calculations of economic man to make legitimate space for emotion, altruism and fair play in economic behaviour.
This, together with his antipositivistic argumentation (see Verstehen), can be taken as a methodological justification for the model of the "rational economic man" (homo economicus), which is at the heart of modern mainstream economics.
Ideas about "rational" economic man are being overturned by new ones from a discipline called behavioural economics.
The economic man,.
That what economic man would do.
For Rational Economic Man, there's no difference.
ECONOMISTS often like to speak of Homo economicus rational economic man.
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Justyna Jupowicz-Kozak
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