Abstract
Written by Daniel Defoe, Robinson Crusoe was first published in 1719–20. By the end of the 19th century there were many references made to a Crusoe economy to illustrate the principles of supply and demand economic theory. Crusoe thus became a representative rational economic individual, allocating his available resources to obtain maximum satisfaction in the present or future.
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White, M.V. (2018). Robinson Crusoe. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1839
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1839
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