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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? |
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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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