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Q: History of Economic Ideas ( Answered,   0 Comments )
Question  
Subject: History of Economic Ideas
Category: Science > Social Sciences
Asked by: tor-ga
List Price: $5.00
Posted: 19 Aug 2002 14:44 PDT
Expires: 18 Sep 2002 14:44 PDT
Question ID: 56333
Where does the term "Homo economicus" originally come from? Who was
the first to use it?
Answer  
Subject: Re: History of Economic Ideas
Answered By: thx1138-ga on 19 Aug 2002 15:29 PDT
 
Hi tor and thanks for the question.

The term  "Homo economicus"  originally comes from the `minimax
theorem'  developed by Von Neumann in 1928.


“And game theory is far from a new science; development began as early
as 1910, and by 1928-the year in which Von Neumann presented his
`minimax theorem' and had coined the term `homo economicus'- it had
attracted the attention of economists who saw in it the potential for
an umbrella theory for the social sciences (Aumann 1986: 461). “
http://216.239.35.100/search?q=cache:iUrcCq43S2kC:www.lafferty.ca/writing/gt-thesis.pdf++%22term+Homo+economicus+%22++&hl=pt&ie=UTF-8
**NOTE** available only in Google cache.

Bio of von Neumann, John(1903 -- 1957) 
http://www.dam.brown.edu/people/yiannis/neuman.html

A description of the 'minimax theorem'  
http://library.thinkquest.org/26408/math/utility.shtml?tqskip1=1&tqtime=0819



There is also a reference which claims that, “Texas historian, T. R.
Fehrenbach, coined the term “
However I am inclined to believe it was Von Neumann in 1928 as T. R.
Fehrenbach delivered a lecture on April 5th of this year(2002) at the
"High Five Ranch Pavillion" on "an historical perspective of ranching
in South Texas."
http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=001NbN

Thank you for the question, and if you need any clarification do not
hesitate to ask.

THX1138

Google search term:
"term Homo economicus"
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