Homo economicus Quotes

“Many network theorists note that human beings differ dramatically from the rational profit maximizer of social science theory. Neuroscientists exploring different regions if the brain, sociologists mapping an increasingly networked society, and entrepreneurial enthusiasts of the sharing economy challenge the highly individualist conception of the individual that many economists embrace. Instead of homo economicus, let s consider homo sociologicus, a person driven as much by the desire to belong and connect as by her individual goals.”

“I don't believe that humans can be reduced to homo economicus, but as a group, government officials are remarkably sensitive to financial, political, and reputational costs. Thus, when new technologies appear to reduce the costs of using lethal force, their threshold for deciding to use lethal force correspondingly drops. If killing a suspected terrorist in Yemen or Somalia or Libya will endanger expensive manned aircraft, the lives of U.S. troops, and/or the lives of many innocent civilians, officials will reserve such killings for situations of extreme urgency and gravity (stopping another 9/11, getting Osama bin Laden). But if all that appears to be at risk is a an easily replaceable drone, officials will be tempted to use lethal force more and more casually.”

“What economists and political scientists today call the “rational choice of individuals,” but what Smith called “the individual pursuit of happiness,” leads according to this view in a mechanical way to general welfare. As Alexander Pope in his Essay on Man put it: “true Self Love and Social are the same.” While this is the foundation of liberal capitalism, Marx’s dialectical materialism is not different in its selection of the economy as the prime mover. In this way the economy becomes the most important purpose of society. Fortunately, the economy has laws of causation, or, at least, that is what economists would like us to believe. Statistics are gathered to provide an objectified view of reality that enables social engineering. The individual and the collective are simultaneously put in an economic framework that is secular not in the sense that it is nonreligious, since individuals can rationally pursue religious ends, but in the sense that a God-given order of society has been replaced by an order that is constantly produced by homo economicus” (p. 41).”