ints210 journal 2

ints210 journal 2 - Cait Bold Ints 210- Reading Journal 2...

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Cait Bold Ints 210- Reading Journal 2 The application of economic principles to social science is a potentially harmful one, as is pointed out in Patel’s The Value of Nothing . Patel analyzes the discourse of Gary Becker, one of the most famous economists in the world. Becker asserts that the way in which we understand the economy to work can be applied to humans, which he describes as Homo economicus or the “Economic Man”. This so-called Homo economics operates under three principles; maximization, use of a market for all behaviors, and consistent preferences across all societies and circumstances (Patel 27). Through extensive examples, Patel astutely points out that humans frequently behave in ways that contradict Becker’s supposedly perfect model. For example, humans demonstrate gratitude and altruistic tendencies, despite the fact that both of these behaviors would not be considered profit maximizing. Hawkeworth may stipulate that Becker’s repeated reference to the “Economic Man
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This note was uploaded on 03/26/2012 for the course INTS 210 taught by Professor Weiler during the Fall '07 term at UNC.

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ints210 journal 2 - Cait Bold Ints 210- Reading Journal 2...

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