Homo Economicus
The rational human being that many economists use when deriving, explaining, and verifying their theories and models. Investopedia Says:
The basis for a majority of economic models is the assumption that all human beings are rational and will always attempt to maximize their utility - whether it be from monetary or non-monetary gains.
Many people disagree over the assumption underlying the homo economicus, so it continues to be a point of contention. Related Terms:
Classical Economics
Dismal Science
Economics
Keynesian Economics
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