Economics without a man

Olga Luzhkova ()
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Olga Luzhkova: Chernomyrdin Moscow Open State University

Ekonomicheskaya Politika / Economic Policy, 2011, vol. 5, 50—55

Abstract: Economics, economic theory reign supreme in the human sciences. However, despite the global claims, the application of economic theory in practice is fraught with disaster. Perhaps the reason for all of our failures is that the economy explores the primitive model of «homo oeconomicus», ignoring all human traits and incentives.

Keywords: economy; economic theory; «homo oeconomicus» (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:11512

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