homo economicus

Definition

Latin for "economic human". A term used in economic theories to describe humans as rational and self-interested beings capable of making judgments towards subjectively defined ends (such as accumulation of wealth and resources). This is used as a basic for the majority of economic models, where they assume that all human beings will act like homo economicus. The validity of this assumption has been questioned in some economic circles, with alternative assumptions proposed.

单词	homo economicus
释义	homo economicus Definition Latin for "economic human". A term used in economic theories to describe humans as rational and self-interested beings capable of making judgments towards subjectively defined ends (such as accumulation of wealth and resources). This is used as a basic for the majority of economic models, where they assume that all human beings will act like homo economicus. The validity of this assumption has been questioned in some economic circles, with alternative assumptions proposed.
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