Models of Man: the superbillionaire

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Article #2677

#2677

From: Fabrizio J Bonsignore
Date: Sun, 27 Mar 2005 16:48

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Classical economic theory states that homo oeconomicus is a utility
maximizer under budget constraints. From this model several conclusions
are taken. But not ALL people fall into this scheme. There are many
instances where this maximizing behaviour is not observed in reality
(would be like micro-microeconomics).

Superbillionaires are already maximized in utility. THey can live in
pleasure at all time! NO matter what pleasure... (hence the prahse
filthy rich). They are not subject to a budgte constraint. Are they
maximizing something? Indeed, they are maximizing monetary holdings!
Superbillionaire homo oeconomicus is a cash holding maximizer under NO
(budget) restriction(s).

Danilo J Bonsignore, previously Fabrizio J Bonsignore
(in the city of the foundation that sends people to Bellagio, living in
drop in centers)
Pronounced by some Dnielo Bansinyor

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From: "Fabrizio J Bonsignore" <fbonsignore@beethoven.com>
Newsgroups: sci.econ,ny.general,dc.general,seattle.general,la.general
Subject: Models of Man: the superbillionaire
Date: 27 Mar 2005 08:48:35 -0800
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