Vestnik On-line
Orenburg State University may 27, 2022   RU/EN
Headings of Vestnik

ЭБС Лань
Лицензия Creative Commons

April 2015, № 4 (179)

Belskaya Yu.V. ECONOMIC MAN IN THE LIBERAL AND NEO-LIBERAL ECONOMIC THEORY"Economic man" is an abstract concept expressing the essential features of a subject of economic life of society. It is characterized by the ability to the directed and purposeful activity aimed at the transformation of economic being according to its interests and needs. In the modern economic theory there are several versions of "economic man". Each version of the "economic man" is a model of cultural-historical type of the individual as a subject of a market economy. Currently, liberalism is quite influential trend of the social, political and economic thought. Common element to all the supporters of liberalism is the absolute priority of individual freedom as the highest moral value. In the economic field this moral imperative corresponds to the free market, which is not burdened by the presence of the state. The paper presents the rationale of harmonizing the moral imperative of individual freedom with the requirements of neutral economic theory in the works of M. Friedman and F. Hayek. In conclusion there is expressed the idea that liberal and neo-liberal directions of economic thought have significantly enriched understanding of the economic man. In the theoretical construction of Friedrich Hayek an economic man acts as an "innovating entrepreneur", oriented to the constant search for a new and thus ensuring social progress. The market system serves an extended version of human cooperation and as a result of socio-economic development of society. Such an interpretation of market relations suggests a shift from the discourse of rationality to the social and ethical discourse in discussions on human economic behavior.Key words: economic man, liberalism, evolutionary approach, F. Hayek


1. Avtonomov V.S. Man in the mirror of economic theory. — M.: Nauka, 1993 — 176 pp.

2. Belskaya Yu.V. The concept of man in macroeconomic theory of J.M. Keynes // Economics, sociology and law. — 2014. — №4. — P. 18-21.

3. Belskaya Yu.V. Adam Smith's economic man: integrating nomothetic and idiographic approaches // Vestnik of the Chelyabinsk State University. — 2014. — №25 (354). — P. 39-44.

4. Boltanski L., Teveno L. On Justification: The Economies of Worth. — M.: Novoe literaturnoe obozrenie, 2013. — 576 pp.

5. Brenner R. The Economics of Global Turbulence: The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945-2005. — M.: Publishing House of the High School of Economic, 2014. — 552 pp.

6.Valdman I.A., Kaukenova T.V. Education as a factor of genesis and operation of the social capital of network structures // Filosofiya obrazovaniya. — 2010. — № 3(32). — P. 16–22.

7. Makasheva N.A. Ethical grounds of economic theory. Essays on history. — M.: INION RAN, 1993 — 178 pp.

8. Pennington M. Classical Liberalism and the Future of Public Policy. — M.: Mysl', 2014. — 452 pp.

9. Polanyi K. Two meanings of the term "economic". About belief in the economic determinism // The informal economy: Russia and the World. Ed. T. Shanin. — M.: Logos, 1999. — P. 505-513.

10. Sen A. Development as Freedom. — M.: Novoe izdatel'stvo, 2004. — 432 pp.

11. Friedman M., Hayek F.A. On Freedom. — M.: Socium, Tri kvadrata, 2003. — 182 pp.

12. Friedman M., Friedman R. Free to Choose: A Personal Statement. — M.: Novoe izdatel'stvo, 2007. — 356 pp.

13. Hayek F. The Road to Serfdom. — M.: Ekonomika, 1992 — 175 pp.

14. Hayek F. The Fatal Conceit: The Errors of Socialism. Transl. from Eng. — M.: Ed. "Novosti" and "Catallaxy", 1992 — 372 pp.

15. Hayek F. von. The Fortunes of Liberalism in XX century. — M., Chelyabinsk: IRISEN, Mysl', Socium, 2009. — 337 pp.

About this article


Year: 2015

Sergey Aleksandrovich

© Электронное периодическое издание: ВЕСТНИК ОГУ on-line (VESTNIK OSU on-line), ISSN on-line 1814-6465
Зарегистрировано в Федеральной службе по надзору в сфере связи, информационных технологий и массовых коммуникаций
Свидетельство о регистрации СМИ: Эл № ФС77-37678 от 29 сентября 2009 г.
Учредитель: Оренбургский государственный университет (ОГУ)
Главный редактор: С.А. Мирошников
Адрес редакции: 460018, г. Оренбург, проспект Победы, д. 13, к. 2335
Тел./факс: (3532)37-27-78 E-mail:
1999–2022 © CIT OSU