Thursday, October 06, 2005

Homo Economicus

Homo economicus is very self interested. It involves the idea that I will never be satisfied by my wants or that I’m continually seeking more wants, endlessly greedy. It also points out that once someone has a commodity the value they will want it again diminishes. This is not necessarily true of things that I need, like toilet paper, which has the same value to me, and it is not true of the giving of gifts, just because I buy one gift for someone does not mean that it will diminish for someone else.

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