Meaning of economic man in English:

economic man


  • A hypothetical person who behaves in exact accordance with their rational self-interest.

    Also called Homo economicus

    ‘economic man is a rational actor—he measures costs against benefits’
    • ‘The invisible hand assumed a "rational economic man," a greedy human.’
    • ‘Today, homo economicus (or economic man) is the most widely used human behavior model in economics.’
    • ‘The myth of 'economic man' is exposed - the low-paid are too poor to shop around for jobs.’
    • ‘Neither does the economic man spend many sleepless nights worrying about what this blind pursuit of materialism does to human societies in general.’
    • ‘A capitalist economy will not function properly unless all the participants act as economic men, making rational, selfish decisions.’