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On the Homo Œconomicus Model of Rationality Cover
Open Access
|Sep 2019

Abstract

The study intends to deliver a logical analysis of the well-known (and too much used) model of rationality named homo œconomicus. To this end, it is put into evidence the reductionism of the model (more, its cartesianism and mechanicism), by logically assessing the basic principle and the axioms and, also, the relaxations introduced over time. The paper gets the conclusion that economists tried successively to save the homo œconomicus model over time, but all these attempts did nothing but block the developments of the economic theory. Finally, the research organizes into a diachronic matrix the different ways in which economists actualized the genuine model in order to put it in line with the actual behaviour of the economic subject.

DOI: https://doi.org/10.2478/sbe-2019-0022 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 20 - 30
Published on: Sep 16, 2019
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2019 Dinga Emil, Ionescu Gabriela-Mariana, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.