The myth of economic man

[william the wie]

What's the easiest way of saying this?

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.


Is this something you would be able to understand as a book blurb?

 

[akelch]

For a small group to decide what is best economically for all is like one man ordering dinner for 200 people he doesn't know. Chances are only a few will like it, most will not, and a lot of food/money will be wasted.

 

[EdwardBaiamonte]

For a small group to decide what is best economically for all is like one man ordering dinner for 200 people he doesn't know. Chances are only a few will like it, most will not, and a lot of food/money will be wasted.

yes, biological and economic evolution is a random process growing out of millions and millions of individual decisions. It is about the wisdom of
the masses, not about the false genius of a liberal Nazi .

 

[akelch]

For a small group to decide what is best economically for all is like one man ordering dinner for 200 people he doesn't know. Chances are only a few will like it, most will not, and a lot of food/money will be wasted.

yes, biological and economic evolution is a random process growing out of millions and millions of individual decisions. It is about the wisdom of
the masses, not about the false genius of a liberal Nazi .

....or a central planning system. God gave us all free will for a reason. To make personal choices.

 

[EdwardBaiamonte]

For a small group to decide what is best economically for all is like one man ordering dinner for 200 people he doesn't know. Chances are only a few will like it, most will not, and a lot of food/money will be wasted.

yes, biological and economic evolution is a random process growing out of millions and millions of individual decisions. It is about the wisdom of
the masses, not about the false genius of a liberal Nazi .

....or a central planning system. God gave us all free will for a reason. To make personal choices.

yes and somehow liberals feel that if they relinquish their personal choices to a central planner who agrees with them they are in effect, the powerful Nazi central planner. They feel powerful knowing their leaders are really using their ideas.

 

[JimmieD]

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.

I'm not sure what economist actually believes the picture you paint.

 

[pinqy]

What's the easiest way of saying this?

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.

Well, first the model of Homo Economicus is known to be a mythological figure by all economists, and while useful in modeling, is known not to be strictly applicable to the real world.

Second, that rationality differs between individuals in no way invalidates any part of the idea or models...it's part of Homo Economicus that he acts rationally according to his personal utility.

Third, there is no third.

Fourth, I'm not sure there's any real "policy model" of Homo Economicus.

Is this something you would be able to understand as a book blurb?

Yes, but it wouldn't interest me in the book.

 

[EdwardBaiamonte]

The policy model of Economic Man is too simplified

of course if there was a "policy model" you'd have told us what it was a long time ago and stopped the idle BS.

 

[william the wie]

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.

I'm not sure what economist actually believes the picture you paint.

Quite true but is that agreement or disagreement?

 

[william the wie]

The policy model of Economic Man is too simplified

of course if there was a "policy model" you'd have told us what it was a long time ago and stopped the idle BS.

Not idle. I am trying to determine how many people on this board are aware that neo-liberal economists use an individual selection policy model and neo-classical economists use a group selection policy model and both are biological nonsense having been disproven.

 

[EdwardBaiamonte]

The policy model of Economic Man is too simplified

of course if there was a "policy model" you'd have told us what it was a long time ago and stopped the idle BS.

Not idle. I am trying to determine how many people on this board are aware that neo-liberal and neo-classical economists use a group selection policy model and both are biological nonsense having been disproven.

too stupid!!!if they use it to a degree that is even marginally significantly a google search would show 10's of thousands of hits rather than 0 hits.

Why not cut the total BS and tell us why you are liberal or conservative.

 

[Freemason9]

of course if there was a "policy model" you'd have told us what it was a long time ago and stopped the idle BS.

Not idle. I am trying to determine how many people on this board are aware that neo-liberal and neo-classical economists use a group selection policy model and both are biological nonsense having been disproven.

too stupid!!!if they use it to a degree that is even marginally significantly a google search would show 10's of thousands of hits rather than 0 hits.

Why not cut the total BS and tell us why you are liberal or conservative.

[Let's all watch eagerly as Edward B. tries to find the answer on his AM radio band]

 

[EdwardBaiamonte]

Not idle. I am trying to determine how many people on this board are aware that neo-liberal and neo-classical economists use a group selection policy model and both are biological nonsense having been disproven.

too stupid!!!if they use it to a degree that is even marginally significantly a google search would show 10's of thousands of hits rather than 0 hits.

Why not cut the total BS and tell us why you are liberal or conservative.

[Let's all watch eagerly as Edward B. tries to find the answer on his AM radio band]

too stupid!!!if they use it to a degree that is even marginally significantly a google search would show 10's of thousands of hits rather than 0 hits.

 

[B. Kidd]

What's the easiest way of saying this?

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.


Is this something you would be able to understand as a book blurb?

For sure William!
Isn't hunting as opposed to gathering, somewhat dictated historically and instinctually by gender?

 

[Moonglow]

I hunt and gather old metal for recycling and money.

 

[B. Kidd]

I hunt and gather old metal for recycling and money.

You either own a metal detector or burglarize homes for jewelry.

 

[EdwardBaiamonte]

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.

I'm not sure what economist actually believes the picture you paint.

not one of significance I'm afraid.

 

[william the wie]

What's the easiest way of saying this?

Humans rationally pursue kin-selective behavior as the goal of economic behavior. Men and women have different opportunity costs for offspring and revenues from offspring. What is a rational action for one can be and often is irrational for the other. The same is true for parents and non-parents plus various other differences. The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.


Is this something you would be able to understand as a book blurb?

For sure William!
Isn't hunting as opposed to gathering, somewhat dictated historically and instinctually by gender?

That case can be made.

 

[EdwardBaiamonte]

The policy model of Economic Man is too simplified to be anywhere near as useful as it is assumed to be.

too stupid!! since no one assumes it is useful which of course explains why you cant tell us even one person who makes the assumption!!!!







Is this something you would be able to understand as a book blurb?[/quote]

For sure William!
Isn't hunting as opposed to gathering, somewhat dictated historically and instinctually by gender? [/QUOTE]
That case can be made.[/QUOTE]