Farewell to Homo Oeconomicus (tags)
Capitalism is not running so well. Is this because people are judged wrongly with misguided models? Don't competition and cooperation strengthen each other? Why is the SF-condo model praised to the skies and the Vancouver BC- community center model scorned as unrealistic?
Farewell to Homo Oeconomicus (tags)
The model of homo oeconomicus is antiquated and over-simplified. Dominant economic models are not based on a realistic picture of humans... The model does not know different human human motives that could be differently activated depending on the context.