“Economic theory as derived from Adam Smith assumes first that homo economicus acts with perfect optimality on complete information, and second that when many of the species homo economicus do that, their actions add up to the best possible outcome for everybody. Neither of these assumptions stands up long against the evidence.”

— Donella Meadows

Page 107.
Thinking in Systems: A Primer (2008), Part two: systems and us

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Donella Meadows 15

American environmental scientist, teacher, and writer 1941–2001

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“Not only is Homo economicus self-centered, he is a murdering psychopath. However, as with much of neoclassical economic thought, there is an element of circularity here.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 5, Male Versus Female, p. 156

“Neoclassical economic theory forms the central discourse and behavioral model of contemporary management education. Drawing on research and insights from game theory and behavioral economics we have argued that many of the core assumptions underlying this model are flawed. While we cannot say that the widespread reliance on the Homo economicus model has caused the highly level of observed managerial malfeasance, it may well have, and it surely does not act as a healthy influence on managerial morality. Students have learned this flawed model and in their capacity as corporate managers, doubtless act daily in conformance with it. This, in turn, may have contributed to the weakening of socially functional values and norms like honesty, integrity, self-restraint, reciprocity and fairness, to the detriment of the health of the enterprise. Simultaneously, this perspective has legitimized, or at least not delegitimized, such behaviors as material greed and optimizing with guile. We noted that this model has become highly institutionalized in business education. Fortunately, we believe that the potential for moving away from this flawed model is significant and thus can end this chapter on a more optimistic note for the future of business education.”

Rakesh Khurana (1967) American business academic

Herbert Gintis and Rakesh Khurana. " What Happened When Homo Economicus Entered Business School https://evonomics.com/what-happens-when-you-introduce-homo-economicus-into-business/," in: evonomics.com, July 14, 2016.

“The Bodo skull and the Kaprina and Shanidar Neandertal skeletons raise the possibility that two distinct, non-spaiens species of Homo had had rituals and cultural practices that we have assumed are only within the capacity of members of our own species.”

Jeffrey H. Schwartz (1948) American anthropologist

Source: What the Bones Tell Us (1997), Ch. 1

“We are indeed human beings. We are merely not Homo sapiens. Homo sapiens is a species, something into which one is born. Humanity one chooses. Men who choose inhumanity are merely upright beasts.”

John C. Wright (1961) American novelist and technical writer

Source: Titans of Chaos (2007), Chapter 6, “Six Score Leagues Northwest of Paradise” Section 4 (p. 75)

“I think both Louis and I were looking for more or less the same thing, and that is, when did our species, Homo, begin?”

Richard Leakey (1944) Kenyan paleoanthropologist, conservationist, and politician

As quoted by Virginia Morell, Ancestral Passions: The Leakey Family and the Quest for Humankind's Beginnings (2011)

“Homo sapiens is the species that invents symbols in which to invest passion and authority, then forgets that symbols are inventions.”

Joyce Carol Oates (1938) American author

"The Calendar's New Clothes," New York Times (30 December 1999)

“Probability theory is an ideal tool for formalizing uncertainty in situations where class frequencies are known or where evidence is based on outcomes of a sufficiently long series of independent random experiments. Possibility theory, on the other hand, is ideal for formalizing incomplete information expressed in terms of fuzzy propositions.”

George Klir (1932–2016) American computer scientist

Source: Fuzzy sets and fuzzy logic (1995), p. 205 cited in: Flavio Comim, et al. (2008) The Capability Approach: Concepts, Measures and Applications. p. 298.

“I might imply in my act that Clay (Aiken) is a big, fat homo!”

Kathy Griffin (1960) American actress and comedian

Is... Not Nicole Kidman (2005)

“I'm a long-haul Cosmic anthropologist, which means I hop around isolate-planets (like Earth) in order to study Advanced Language Species (like homo sapiens).”

Yakoub Islam

"Commence Commence Commence" (24 July 2011) 
Captain Jul's Mission Blog (2011 - 2013)
Context: I'm a long-haul Cosmic anthropologist, which means I hop around isolate-planets (like Earth) in order to study Advanced Language Species (like homo sapiens). I specialise in First Stage Globalization (FSG) terrestrials. Most FSG planets have whole-world silicon-based communication technologies in situ, and thus as soon as I’m near enough, I ’plug in’, and shortly after make contact. Well, I’ve been plugged in for quite some time, but this is my first contact. Sorry about that.

“Adam Smith, the father of free-market economics,”

Barack Obama (1961) 44th President of the United States of America

2013, Remarks on Economic Mobility (December 2013)
Context: It was Adam Smith, the father of free-market economics, who once said, “They who feed, clothe, and lodge the whole body of the people should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged.” And for those of you who don’t speak old-English let me translate. It means if you work hard, you should make a decent living. If you work hard, you should be able to support a family.

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