Changes in Models of Economic Agent and Economic Space

The article analyzes characteristics of homo economicus model and space, where it functions. Principles underlying this quasi-natural scientific model are explained in view of physicalism. Arguments are also provided that allow us to make a conclusion about changing requirements to economic agent in institutional economy. Therefore, from the natural scientific position a hypothesis is advanced that new characteristics of agent can be taxonomically included in economic theory to illustrate the actor’s development. Apart from that a conclusion is drawn about the necessity of additional notions concerning space, where economic agent can be defined. The authors provide arguments in favor of the fact that it is impossible to define utterly the agent of economy and space of its functioning by using metaphors only of natural science. A hypothesis was put forward that models of space and agent shall be supplemented by social properties. With regard to these supplements definitions of such notions as formal and informal institutes, organizations are advanced. And finally a conclusion was made about the limited use of physicalism in economics.