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The Ethology of Homo Economicus

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  • Joseph Persky

Abstract

Early critics of John Stuart Mill attacked him for creating a monomaniacal economic man concerned only with the accumulation of money. In fact, Mill's construct possessed a considerably richer psychology including desires for leisure, luxury, and sexual relations. This psychology played a central role in Mill's analysis of alternative institutional regimes. Mill also considered the social origins, or 'ethology,' of preference structures. Mill's framework provides a useful reference point for ongoing work in comparative economics and feminist economics. In particular, Mill's emphasis on psychological parsimony needs careful reconsideration by advocates of enriching the motives of economic man.

Suggested Citation

  • Joseph Persky, 1995. "The Ethology of Homo Economicus," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 221-231, Spring.
    • Handle: RePEc:aea:jecper:v:9:y:1995:i:2:p:221-31
    Note: DOI: 10.1257/jep.9.2.221
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.9.2.221
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    References listed on IDEAS

    as
    1. Robert J. Shiller & Maxim Boycko & Vladimir Korobov, 1992. "Hunting for Homo Sovieticus: Situational versus Attitudinal Factors in Economic Behavior," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(1), pages 127-194.
    2. Ferber, Marianne A. & Nelson, Julie A. (ed.), 1993. "Beyond Economic Man," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226242019, December.
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    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)

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