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Varvara N. Rogozhnikova Perception of Labor Individual in the Terminology of the Modern Economic Science

Varvara N. Rogozhnikova Perception of Labor Individual in the Terminology of the Modern Economic Science // Scientific Research of Faculty of Economics. Electronic Journal. 2019. Volume 11. Issue 1. P. 7-20


Among other ontological problems of economics – such as space and time, picture of economic reality, objects of economic science – the language of economics takes an important place. The language of modern economic science describes the picture of economic reality that has developed in science at the moment. Perceptions of the individual (an economic agent) are part of the overall economic picture of the world and play a key role in any economic theory. On the basis of these perceptions, a working human model in the economics is formed. In our view, there is a certain discrepancy between the working human model in neoclassical economic theory and the image of economic individuum in the language of modern labor economics. The subject of this article is the language of the modern labor economics as a tool for describing economic individual and the effective force of changing economic reality. The hypothesis of this research is that the language of modern labor economics describes economic individual more realistically as part of economic reality in the broad sense of the word than neoclassical economic theory does. The purpose of our study is to compare these two perceptions of economic individual and to try to explain why such a gap exists.

Key words: economic individual, the language, labor economics, neoclassical economic theory.

JEL codes: A1, J01, J08.