Homo oeconomicus
(en)
(or Homo economicus) a concept in many economic theories portraying humans as consistently rational and narrowly self-interested agents who usually pursue their subjectively-defined ends optimally
The expectation of distributive moderation contradicts the model of Homo oeconomicus and can be reconciled with it only on the assumption, axiomatic in labour economics, that workers are ‘risk-averse’.
footnote 40
notable
9 years, 6 months ago