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Homo œconomicus is a monster.

Bush is a symptom, not the disease.
by Migeru (migeru at eurotrib dot com) on Mon May 28th, 2007 at 07:47:25 AM EST
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Homo oeconomicus, properly understood, would include (for example) a wealthy man who gives everything he owns to charity, then spends his life in Mumbai working to rescue abandoned children from the streets. Provided, that is, that he has a consistent set of preferences.

Homo oeconomicus, as almost universally misunderstood, is indeed a monster, and similarly debased economic thinking advocates that corporations be monstrous in the same way. That misunderstanding of rationality and of the proper purpose of corporations is poisonous and worth fighting.

Words and ideas I offer here may be used freely and without attribution.

by technopolitical on Mon May 28th, 2007 at 03:32:30 PM EST
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