From an inquiry into three distinct interpretations of African economic data, we have suggested that homo africanus is oeconomicus rather than antiquus. First, while substantivists (traditionalists) and modernists (developmental economists) appropriately subordinated homo africanus' economic behavior to social considerations, they mistakenly de-emphasized the role of markets, especially in economies where market contacts were peripheral. Consequently (since their model for comparative economic behavior was that of the traditional selfregulating market economy), they concluded that homo africanus antiquus est. Second, believing that when stripped of their cultural impedimenta, all economies conformed to the same laws, formalists 45 Both Maurice Godelier and Emmanuel Terray have criticized him for argued that homo africanus oeconomicus est. Accordingly, they recommended modifications and applications of concepts such as rationalization, maximization, the scarcity postulate, surpluses, input, output levels, pricing and profits, and quantification in general.
Third, we examined the models of the French structuralist neo-Marxists who, by positing homo africanus within select categories of materialist history, have maintained that structurally, materially and existentially, he was oeconomicus. Beginning with an inquiry into modes of production, they averred that he produced, consumed and circulated material goods by virtue of his existence within a social structure and superstructure which was materially determined. Accordingly, they revealed his unique relationship to the market. Moreover, structuralist neo-Marxists have transformed the substantivist theory of social "embeddedness" (or the subordination of an economy to social constraints which act as cultural obstacles to change) into a social "realization" or reflection of change within production modes, whose inner structure is transformed according to the dialectic. Their model, therefore, not only has more depth and dynamism than that of the substantivists, but its structural linkages are causally related.