THE BIRTH OF <i>HOMO ŒCONOMICUS</i>: THE METHODOLOGICAL DEBATE ON THE ECONOMIC AGENT FROM J. S. MILL TO V. PARETO

Bee, Michele; Desmarais-Tremblay, Maxime

doi:10.1017/s1053837221000535

Cited by 10 publications

(4 citation statements)

References 61 publications

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“…Both moved on to sociology and participated in the political debate, revising the economic man in the process. Pantaleoni associated its utility-maximizing behaviour with the instinct for the preservation of the species, while Pareto relinquished hedonism in the 1906 Manuale di economia politica (Bee and Desmarais-Tremblay, 2023). In addition, both writers viewed the use of force in the acquisition and maintenance of power as a key requirement for an effective elite.…”

Section: Challenging the Economic Manmentioning

confidence: 99%

“…Lionel Robbins (1932: 15) revised and generalized Mill’s conceptualization by viewing human behaviour as ‘a relationship between ends and scarce means which have alternative uses’. See Bee and Desmarais-Tremblay (2023); Hands (2009).…”

mentioning

confidence: 99%

“… 7. On Marshall’s economic man, who pursued wealth primarily for the benefit of the family, see Bee and Desmarais-Tremblay (2023: 13).…”

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confidence: 99%

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Corrado Gini's economic anthropology

Romani

2023

History of the Human Sciences

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Corrado Gini was a key intellectual in the Fascist establishment. His scientific programme included statistics, demography, eugenics, economics, and sociology, as well as occasional forays into political thought and anthropology. Historians have focused on his statistics and eugenics, in connection with his spell as head of the Italian bureau of statistics. This article, integrating economics with the other threads of Gini’s programme, takes economic anthropology as a standpoint to reassess the inspiration behind his whole oeuvre. That anthropology consisted of two parts: the criticism of economists’ ‘economic man’ and the attempt to replace it with an instinctual economic agent, inspired by the nationalist rhetoric of ‘young peoples’ bound to conquer the world. Once the perspective is enlarged, the usual definition of Gini as a technocrat proves insufficient, for his science incorporated essential pieces of Fascism’s political ideology and cultural legitimacy.

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Section: Challenging the Economic Manmentioning

confidence: 99%

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confidence: 99%

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Corrado Gini's economic anthropology

Romani

2023

History of the Human Sciences

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“…The homo economicus concept was formally developed in the works of neoclassical economists such as William Stanley Jevons, Leon Walras and Vilfredo Pareto. They employed mathematical optimization models with assumptions of stable and consistent preferences to explain consumer rational decision making aimed at maximizing utility (satisfaction), and producers maximizing profits (Bee & Desmarais-Tremblay, 2023). This model became the basis for many conventional economic predictions and policy recommendations.…”

Section: Introductionmentioning

confidence: 99%

Comprehending Human Economic Behavior Through a Multicultural Lens: Examining the Concepts of Homo Economicus and Islamicus

Lahuri,

Labolo

2023

KIJMS

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Homo economicus and homo islamicus are two concepts of human economic behavior that stem from different intellectual backgrounds. This paper aims to conduct a critical comparative analysis on the fundamental assumptions of the two concepts. The research method is qualitative, drawing upon key literature from Western and Islamic schools of thought. The results show that homo economicus and homo islamicus differ significantly in terms of underlying principles, motivations, and moral considerations. Homo economicus is driven by self-interest and narrow rationality, while homo islamicus is guided by the framework of Islamic values. These differences have implications on how the two concepts view systems of production, consumption, and distribution. However, the concepts can complement each other in providing a more comprehensive understanding of human economic behavior. The study suggests the need for integrating or synthesizing diverse perspectives in formulating a multidimensional and culturally inclusive analytical framework of economic behavior.

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Social science goes quantum: explaining human decision-making, cognitive biases and Darwinian selection from a quantum perspective

Holtfort

Horsch

2023

J Bioecon

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The social and economic sciences are grounded on the basic assumption that social life, decision-making behavior, and consciousness are classical physical and therefore material phenomena. Quantum social science, a new research area, which refers to the knowledge and interpretations of quantum physics, is challenging this assumption. This paper gives an overview of quantum social science and explains quantum decision theory on the one hand with a focus on the cognitive biases first elaborated by Kahneman & Tversky, and on the other hand by Darwin´s theory of evolution.

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THE BIRTH OF HOMO ŒCONOMICUS: THE METHODOLOGICAL DEBATE ON THE ECONOMIC AGENT FROM J. S. MILL TO V. PARETO

Cited by 10 publications

References 61 publications

Corrado Gini's economic anthropology

Corrado Gini's economic anthropology

Comprehending Human Economic Behavior Through a Multicultural Lens: Examining the Concepts of Homo Economicus and Islamicus

Social science goes quantum: explaining human decision-making, cognitive biases and Darwinian selection from a quantum perspective

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