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Definition of economic man in English: economic mannoun Economics A hypothetical person who behaves in exact accordance with their rational self-interest. economic man is a rational actor—he measures costs against benefits Example sentencesExamples - A capitalist economy will not function properly unless all the participants act as economic men, making rational, selfish decisions.
- The invisible hand assumed a "rational economic man," a greedy human.
- The myth of 'economic man' is exposed - the low-paid are too poor to shop around for jobs.
- Neither does the economic man spend many sleepless nights worrying about what this blind pursuit of materialism does to human societies in general.
- Today, homo economicus (or economic man) is the most widely used human behavior model in economics.
Definition of economic man in US English: economic mannoun Economics A hypothetical person who behaves in exact accordance with their rational self-interest. economic man measures costs against benefits Example sentencesExamples - A capitalist economy will not function properly unless all the participants act as economic men, making rational, selfish decisions.
- The myth of 'economic man' is exposed - the low-paid are too poor to shop around for jobs.
- The invisible hand assumed a "rational economic man," a greedy human.
- Today, homo economicus (or economic man) is the most widely used human behavior model in economics.
- Neither does the economic man spend many sleepless nights worrying about what this blind pursuit of materialism does to human societies in general.
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