Ecce Homo-Economicus? The Dr. Jekyll & Mr. Hide syndrome of the economic man in the context of natural resources scarcity and environmental externalities - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Journal of Philosophical Economics Année : 2018

Ecce Homo-Economicus? The Dr. Jekyll & Mr. Hide syndrome of the economic man in the context of natural resources scarcity and environmental externalities

Résumé

Indeed, the artificial entity ‘Homo-Economicus’ plays a central role in modern neoclassical economic theory. Maybe an illegitimate child of markets’ self-regulation doctrine and the emerging rationalism - professed by the post-modern realms of neoliberalism and the ongoing globalization process - this theoretical abstraction is promoted as a potential prototype of human behavior. It is firmly believed, that this individualistic, self-motivated, and above all, perfectly informed ‘entity’ could, theoretically, lead the economic system into profound balance between supply and demand, consumption and production, utility maximization, and so on. The present paper consists of a criticism to the mainstream prototype of Homo-Economicus, with further extensions to the neoclassical paradigm. Placing this criticism in the context of ecological economics, the paper argues that the notorious rationality of Homo-Economicus seems to be vanished in the deadlock of a futile race towards non-renewable natural resources depletion and increasing environmental externalities. Finally, a brief review of alternative theoretical frameworks and evidence from institutional and behavioral economics, delineates an emerging pressing request for a paradigm change.
Fichier principal
Vignette du fichier
8077.pdf (1.07 Mo) Télécharger le fichier
Origine : Accord explicite pour ce dépôt

Dates et versions

hal-03710925 , version 1 (01-07-2022)

Licence

Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales

Identifiants

Citer

Panos Kalimeris. Ecce Homo-Economicus? The Dr. Jekyll & Mr. Hide syndrome of the economic man in the context of natural resources scarcity and environmental externalities. Journal of Philosophical Economics, 2018, Volume XII Issue 1 (1), pp.89-111. ⟨10.46298/jpe.10717⟩. ⟨hal-03710925⟩
53 Consultations
300 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More