Definition of Homo economicus in English:
Homo economicus
noun ˌhəʊməʊ ˌɛkəˈnɒmɪkəsˌhɒməʊ ˌɛkəˈnɒmɪkəsˈhoʊmoʊ ˌēkəˈnämikəsˈhōmō ˌekəˈnämikəs
Economics using rational assessments, Homo economicus attempts to maximize utility as a consumer and economic profit as a producer
another term for economic man
Example sentencesExamples
- The neoclassical theory, then, assumes only one type of capitalist, homo economicus, who is rational.
- Homo economicus, by definition, is motivated by self-interest.
- In the city market, homo economicus is a 'rule-following animal'.
- He can understand homo economicus better than he can real men.
- To give a simple example, imagine Homo economicus in mate search, trying to find a woman to marry.
Origin
Early 20th century: Latin.
Definition of Homo economicus in US English:
Homo economicus
nounˈhoʊmoʊ ˌēkəˈnämikəsˈhōmō ˌekəˈnämikəs
Economics using rational assessments, Homo economicus attempts to maximize utility as a consumer and economic profit as a producer
another term for economic man
Example sentencesExamples
- Homo economicus, by definition, is motivated by self-interest.
- The neoclassical theory, then, assumes only one type of capitalist, homo economicus, who is rational.
- In the city market, homo economicus is a 'rule-following animal'.
- He can understand homo economicus better than he can real men.
- To give a simple example, imagine Homo economicus in mate search, trying to find a woman to marry.
Origin
Early 20th century: Latin.