From Homo Economicus to Homo Sapiens | Zendy

Richard H. Thaler | Zendy

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From Homo Economicus to Homo Sapiens

Author(s) -

Richard H. Thaler

Publication year - 2000

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.14.1.133

Subject(s) - homo economicus , homo sapiens , normative , positive economics , economics , behavioral economics , epistemology , cognition , neoclassical economics , sociology , psychology , philosophy , microeconomics , anthropology , neuroscience

In responding to a request for predictions about the future of economics, I predict that Homo Economicus will evolve into Homo Sapiens, or, more simply put, economics will become more related to human behavior. My specific predictions are that Homo Economicus will start to lose IQ, will become a slower learner, will start interacting with other species, and that economists will start to study human cognition, human emotion, and will distinguish more clearly between normative and descriptive theories.

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