A model of human nature and personal development

    Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

    7 Citations (Scopus)

    Abstract

    This paper assumes that human nature is universal and postulates the existence of a common, “true utility function” defined on attributes or “substantive goods.” However, individuals have different household production functions so that the capacity to realize the substantive goods varies from person to person. Moreover, the limited life experience of an individual constrains his perception of his constraints and oppurtunities. As a result, individual maximization behavior is based on a perceived utility function and a perceived household production function. Personal development is a process of learning about the true utility or “happiness” function and the true household production function. If a virtuous circle of personal development is activated, imaginary constraints are overcome and real constraints are accepted. On the other hand, a vicious circle of immiserising development may occur if frustrations are misinterpreted.
    Original languageEnglish
    Pages (from-to)271-287
    Number of pages17
    JournalThe Journal of Socio-Economics
    Volume27
    Issue number2
    DOIs
    Publication statusPublished - 1 Jan 1998

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    Human nature
    Production function
    Household production
    Utility function
    Happiness

    Cite this

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    title = "A model of human nature and personal development",
    abstract = "This paper assumes that human nature is universal and postulates the existence of a common, “true utility function” defined on attributes or “substantive goods.” However, individuals have different household production functions so that the capacity to realize the substantive goods varies from person to person. Moreover, the limited life experience of an individual constrains his perception of his constraints and oppurtunities. As a result, individual maximization behavior is based on a perceived utility function and a perceived household production function. Personal development is a process of learning about the true utility or “happiness” function and the true household production function. If a virtuous circle of personal development is activated, imaginary constraints are overcome and real constraints are accepted. On the other hand, a vicious circle of immiserising development may occur if frustrations are misinterpreted.",
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    A model of human nature and personal development. / HO, Lok Sang.

    In: The Journal of Socio-Economics, Vol. 27, No. 2, 01.01.1998, p. 271-287.

    Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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    AB - This paper assumes that human nature is universal and postulates the existence of a common, “true utility function” defined on attributes or “substantive goods.” However, individuals have different household production functions so that the capacity to realize the substantive goods varies from person to person. Moreover, the limited life experience of an individual constrains his perception of his constraints and oppurtunities. As a result, individual maximization behavior is based on a perceived utility function and a perceived household production function. Personal development is a process of learning about the true utility or “happiness” function and the true household production function. If a virtuous circle of personal development is activated, imaginary constraints are overcome and real constraints are accepted. On the other hand, a vicious circle of immiserising development may occur if frustrations are misinterpreted.

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