Abstract
The ultimate criterion of all economic activities and economic policy is human well-being. In the end, all distribution of scarce means and goods serves the fulfillment of needs and aspirations and the achievement of satisfactions of individuals and groups. Thus, economic reality cannot adequately be understood without the analysis of the subjective and psychological dynamics that underlie and guide economic behavior of both individuals and groups: the motivations, values, and individual drives and states of happiness that are the targets of human activities. Some of these driving factors will be treated under the heading of “behavioral dynamics” in this chapter.
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van Veldhoven, G.M. (1988). Dynamic Aspects of Economic Behavior: Some Determinants. In: van Raaij, W.F., van Veldhoven, G.M., Wärneryd, KE. (eds) Handbook of Economic Psychology. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7791-5_2
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DOI: https://doi.org/10.1007/978-94-015-7791-5_2
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