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Flourishing as Productive Tension: Theory and Model

Author

Listed:
  • Heifetz Aviad

    (Economics and Management Department, Open University of Israel, Ra’anana, Israel)

  • Minelli Enrico

    (Economics Department, University of Brescia, Brescia, Italy)

Abstract

Based on insights from psychology, we argue that individual well-being has two incommensurable dimensions, gratification and flourishing. We provide a model in which the individual’s vitality is tunneled to different goals/practices. Gratification is represented by discharge of flow, while flourishing corresponds to generated power. The two dimensions are correlated in a way that depends on the characteristics of the available goals/practices, and their relationship need not be monotonic. We also extend the model to social interaction, prove existence of an equilibrium and show the possibility of ‘flourishing traps’.

Suggested Citation

  • Heifetz Aviad & Minelli Enrico, 2020. "Flourishing as Productive Tension: Theory and Model," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 20(1), pages 1-14, January.
    • Handle: RePEc:bpj:bejtec:v:20:y:2020:i:1:p:14:n:12
    DOI: 10.1515/bejte-2018-0162
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