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    What thou liv’st, live well


    Pecchenino, Rowena A. (2020) What thou liv’st, live well. Revue De Philosophie Economique, 20 (2). pp. 131-156. ISSN 9782711652052

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    Abstract

    In paring away what was considered inessential to the economic decision, economists have pared away human flesh leaving only the bone. To revivify and incarnate this skeleton I draw on insights from the social psychology of Deci and Ryan, Dweck, and Bandura to broaden the foundation of utility theory and expand the types of resources individuals have at their disposal, both individually and as part of a group, to effect their wellbeing. These theories recognize that the effects of society on the individual are not always to the good. Their nuanced understanding of the individual in society helps put meat and muscle on economic agents’ bones by placing these agents in society, suggesting how society affects agents and revealing how agents work together to adapt and change society. A model is developed to incorporate some of these features and examples are analyzed. The behavior of the individual that arises is not easily characterized, but its essential, even economic, humanness is.
    Item Type: Article
    Keywords: wellbeing; utility theory; goals; individual; society; social psychology;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 19572
    Identification Number: 10.3917/rpec.202.0131
    Depositing User: Prof. Rowena Pecchenino
    Date Deposited: 11 Mar 2025 14:42
    Journal or Publication Title: Revue De Philosophie Economique
    Publisher: Cairn
    Refereed: Yes
    Related URLs:
    URI: https://mural.maynoothuniversity.ie/id/eprint/19572
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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