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Todays mainstream economists speak of rational economic man

Today's mainstream economists speak of "rational economic man" as the fundamental character of people, immutable across time and space, and the foundation of economic activity. Key characteristics of "rational economic man" are atomism, egoism, and rationality.

Describe each of these concepts. Then discuss whether these concepts apply across time and space, and if not, describe what the implications for today's mainstream economic thought might be.

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Econometrics: Todays mainstream economists speak of rational economic man

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Econometrics: Todays mainstream economists speak of rational economic man

Reference No:- TGS01255374

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