The Death of Homo Economicus
Work, Debt and the Myth of Endless Accumulation
by:
Peter Fleming
in:
Social Theory
Summary:
The book critically examines the concept of Homo Economicus—the idea of humans as rational, self-interested economic agents—and argues that this model has led to a destructive work ethic, unsustainable debt, and a relentless pursuit of growth. It explores the social and psychological impacts of neoliberal capitalism, suggesting that the relentless drive for profit and efficiency undermines human well-being and social cohesion.
Key points:
1. Homo Economicus Myth: Fleming argues that the idea of humans as purely rational and self-interested economic actors is unrealistic and overlooks the social and emotional aspects of decision-making.
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