Abstract

http://ssrn.com/abstract=2147205
 


 



Homo Economicus and Homo Stramineus


Marek Hudík


Charles University in Prague - Center for Theoretical Study; Anglo-American University

September 15, 2012


Abstract:     
The model of Homo economicus has often been criticized as unrealistic. In particular, it has been found lacking for allegedly assuming that people are selfish, an assumption which is contradicted by both introspection and empirical evidence. The aim of this paper is to show that never in the history of the economic discipline has selfishness constituted the core of the Homo economicus model. In fact, the standard economic model of behaviour which has been used by economists for more than a hundred years is reticent about the motives of behaviour. Critics thus do not criticize Homo economicus but a straw man – Homo stramineus. Three possible reasons for confusing Homo economicus with Homo stramineus are identified: malicious intent, ignorance and an attempt to avoid the tautological model of behaviour.

Number of Pages in PDF File: 25

Keywords: Homo economicus, Self-interest, Desire of wealth, Utility, Rationality

JEL Classification: B12, B13, B21, B41, D01

working papers series


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Date posted: September 16, 2012  

Suggested Citation

Hudík, Marek, Homo Economicus and Homo Stramineus (September 15, 2012). Available at SSRN: http://ssrn.com/abstract=2147205 or http://dx.doi.org/10.2139/ssrn.2147205

Contact Information

Marek Hudik (Contact Author)
Charles University in Prague - Center for Theoretical Study ( email )
Jilská st. 1
Prague, 110 00
Czech Republic
Anglo-American University ( email )
Lazenska 4
11800 Praha 1
Prague 1, 11800
Czech Republic
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