The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution

The evolution and progress in economic studies that have occurred in the past five decades provide a theoretical basis for changing the paradigm of homo economicus. Today, economics is constantly expanding and becoming more and more diverse internally, combining its own reflections with other socia...

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Main Author: Tomasz Zalega
Format: Article
Language:deu
Published: University of Humanities and Economics in Łódź 2017-03-01
Series:Zarządzanie Innowacyjne w Gospodarce i Biznesie
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Online Access:https://ojs.ahe.lodz.pl/index.php/ziwgib/article/view/595
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author Tomasz Zalega
author_facet Tomasz Zalega
author_sort Tomasz Zalega
collection DOAJ
description The evolution and progress in economic studies that have occurred in the past five decades provide a theoretical basis for changing the paradigm of homo economicus. Today, economics is constantly expanding and becoming more and more diverse internally, combining its own reflections with other social sciences, chiefly psychology, sociology and philosophy. As part of the interdisciplinary exchange, new methodologies and scientific approaches are emerging that are directed towards a more holistic view of economic processes and the functioning of entities in the market. Thus, the classical axiom of a rational man is being abandoned, with the concept of an emotional man gaining in importance. This approach resulted in the emergence of alternative ways of understanding homo economicus. This article aims to outline the concept of homo economicus. The issues herein do not describe its whole range, but only selected elements. The first part focuses on the origins and elements of the homo economicus concept. Further, the most important criticisms of this notion are discussed, together with the most significant alternative ways of understanding homo economicus.
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spelling doaj-art-8e3361e56abf4efc89977be8ba92b5bc2025-08-20T02:58:11ZdeuUniversity of Humanities and Economics in ŁódźZarządzanie Innowacyjne w Gospodarce i Biznesie1895-50882391-51292017-03-012/2310.25312/2391-5129.23/2016_157-176The Concept of Homo Economicus in Economic Theory: An Outline of the EvolutionTomasz Zalega0University of Warsaw The evolution and progress in economic studies that have occurred in the past five decades provide a theoretical basis for changing the paradigm of homo economicus. Today, economics is constantly expanding and becoming more and more diverse internally, combining its own reflections with other social sciences, chiefly psychology, sociology and philosophy. As part of the interdisciplinary exchange, new methodologies and scientific approaches are emerging that are directed towards a more holistic view of economic processes and the functioning of entities in the market. Thus, the classical axiom of a rational man is being abandoned, with the concept of an emotional man gaining in importance. This approach resulted in the emergence of alternative ways of understanding homo economicus. This article aims to outline the concept of homo economicus. The issues herein do not describe its whole range, but only selected elements. The first part focuses on the origins and elements of the homo economicus concept. Further, the most important criticisms of this notion are discussed, together with the most significant alternative ways of understanding homo economicus. https://ojs.ahe.lodz.pl/index.php/ziwgib/article/view/595homo economicusrationalityhomo bi-economicushomo satisfaciendushomo sociologicushomo socio-economicus
spellingShingle Tomasz Zalega
The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
Zarządzanie Innowacyjne w Gospodarce i Biznesie
homo economicus
rationality
homo bi-economicus
homo satisfaciendus
homo sociologicus
homo socio-economicus
title The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
title_full The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
title_fullStr The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
title_full_unstemmed The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
title_short The Concept of Homo Economicus in Economic Theory: An Outline of the Evolution
title_sort concept of homo economicus in economic theory an outline of the evolution
topic homo economicus
rationality
homo bi-economicus
homo satisfaciendus
homo sociologicus
homo socio-economicus
url https://ojs.ahe.lodz.pl/index.php/ziwgib/article/view/595
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