RATIONAL-ECONOMIC MAN

A construct of Adam Smith, an 18th century economist. The rational-economic man makes decisions based on rational analysis of desired outcomes and acts in his own rational self-interest.

RATIONAL-ECONOMIC MAN: “A philosophy that states that most rational men will act out of what is best for their own self interest is characterized by the Rational-economic man model.”
 Divorced Families and the Programs That Work for Them

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