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The Death of the Economic Man
[journal article]
Abstract The paradigm of rational self-interested actor is still ate least implicitly assumed by conventional textbook economics as well as by many other social sciences. This is the case despite its critique on the part of even some economists. However, evidence amassed by other disciplines, such as psychol... view more
The paradigm of rational self-interested actor is still ate least implicitly assumed by conventional textbook economics as well as by many other social sciences. This is the case despite its critique on the part of even some economists. However, evidence amassed by other disciplines, such as psychology, including evolutionary psychology, anthropology and sociology unequivocally indicates the model is flawed. The paper, after presenting some historical background to the notion of economic man, reviews assorted topical research leading to the conclusion which is signalled in the title of the paper.... view less
Keywords
homo economicus; rationality; utility; maximization; economic action
Classification
General Problems, History of the Social Sciences
Free Keywords
Self-Interest; Utility Maximisation
Document language
English
Publication Year
2013
Page/Pages
p. 10-34
Journal
International Letters of Social and Humanistic Sciences (2013) 11
ISSN
2300-2697
Status
Published Version; peer reviewed