Chapter 1: Self-Review Answers
Chapter 1: Self-Review Answers

...   3.  What does rational self-interest involve? Economists consider individuals to be acting in their rational self-interest if they are striving to do their best to achieve their goals with their limited income, time, and knowledge, and given their expectations of the likely future consequences (bo ...
I have seen the enemy, and he is an economist. Economic lessons
I have seen the enemy, and he is an economist. Economic lessons

... I have seen the enemy, and he is an economist Economic lessons for the ecologically literate Jon D. Erickson Rubenstein School of Environment and Natural Resources University of Vermont ...
The Fallacy of Homo Economicus and the reconstitution of the
The Fallacy of Homo Economicus and the reconstitution of the

... market really work; an anonymity which will be truly evaluated in the whole course of production of the product and will assess the real value. This includes cultural, social, and environmental value in a cycle of integrated quality ...

Homo economicus

In economics, homo economicus, or economic man, is the concept in many economic theories portraying humans as consistently rational and narrowly self-interested agents who usually pursue their subjectively-defined ends optimally. Generally, homo economicus attempts to maximize utility as a consumer and profit as a producer. This theory stands in contrast to the concepts of (e.g.) behavioral economics (which examines actual economic behavior, including widespread cognitive biases and other irrationalities), and homo reciprocans (which emphasizes human cooperation).