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Economic Selfishness: The Architecture of Homo Oeconomicus

  • Patrici Calvo
Chapter
Part of the Ethical Economy book series (SEEP, volume 55)

Abstract

Self-interest is one of the fundamental aspects of the traditional theory of economics. Interpreted today as the constant search for one’s own maximum benefit, it is a perspective that is rooted in the psychological selfishness of the seventeenth century, opening into economic thought through the works of authors like Bernard Mandeville and Joseph Butler in the eighteenth century. It found its place in economic science with the marginalist revolution and the subsequent appearance of the Neoclassical School in the second half of the nineteenth century. This chapter aims to show the self-interest conceptualisation process of operating for one’s own benefit and its inclusion in the orthodox economic model as a fundamental assumption of the rational behaviour of economic agents.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Patrici Calvo
    • 1
  1. 1.Universitat Jaume ICastellón de la PlanaSpain

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