13.Homo Oeconomicus

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*History 8 Mesopotamia Vocabulary


"Homo Oeconomicus is the economic man whose relations are bound by secular law, the root idea of the modern west thinking. The term is used when describing the rational human being assumed by some economists when deriving, explaining, and verifying theories and models. The economic man is a figurative human being characterized by the infinite ability to make rational decisions"[[1]].

Manual Page 74 Grace Hansen