The idea of "economic man," that is, people would produce more if they were rewarded for doing so, was the belief of:
A) Adam Smith
B) Robert Owen
C) Frederick Taylor
D) only A and B
E) only A and C above

Question

Quizplus · Accepted Answer

Adam Smith and Frederick Taylor both believed in the concept of "economic man." Smith's ideas on self-interest and the invisible hand suggest that people are motivated by rewards, while Taylor's scientific management theory emphasizes incentives to increase productivity. Robert Owen, on the other hand, focused more on social reform and cooperative communities.

The Idea of "Economic Man," That Is, People Would Produce