Concept information
Preferred term
homo economicus
Definition
- Homo economicus is a model of human behavior that explains social phenomena (including social interaction outside the market) in terms of economic behavior or what the received view construes as rational economic behavior: namely, as opportunity taking or (opportunistic) rational action. This basically Hobbesian model of man underlies most of the modern, rational choice approaches to explaining social phenomena. [Source: Encyclopedia of Philosophy and the Social Sciences; Homo Economicus]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/homo_economicus
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