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dc.contributor.authorUrbina-Padilla, Dante-Abelardo
dc.contributor.authorRuiz-Villaverde, Alberto
dc.contributor.otherUrbina-Padilla, Dante-Abelardoes_PE
dc.identifier.citationUrbina, D. A. & Ruiz-Villaverde, A. (2019), A Critical Review of Homo Economicus from Five Approaches. American Journal of Economics and Sociology, (78), 63-93.
dc.descriptionIndexado en Scopuses
dc.description.abstractNeoclassical economics is based on and structured around the notion of homo economicus. The theory of consumer choice, the theory of the firm, industrial organization, and welfare theorems all require the assumption that agents act in accordance with the scheme of individualistic rational optimization. In this context, our contribution is threefold. First, we delimit the notion of homo economicus according to five characteristics or dimensions. Second, we critically review this anthropological scheme from five distinct approaches, namely, behavioral economics, institutional economics, political economy, economic anthropology, and ecological economics. Third, we conclude that the scheme of homo economicus is clearly inadequate and deficient. However, despite its inadequacies, it remains one of the fundamental pillars of the neoclassical paradigm in economics, which allows us to discuss why we have not yet overcome this
dc.publisherBlackwell Publishingen
dc.sourceUniversidad de Limaes_PE
dc.sourceRepositorio Institucional - Ulimaes_PE
dc.subjectEscuela clásica de economíaes
dc.subjectNeoclassical school of economicsen
dc.subject.classificationCiencias empresariales y económicas / Economíaes
dc.titleA Critical Review of Homo Economicus from Five Approachesen
dc.type.otherArtículo en Scopuses_PE
dc.identifier.journalAmerican Journal of Economics and Sociology
dc.publisher.countryReino Unidoes

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