A Behavioural Framework for Evaluating the Process of Economic Development

Mervin J. Yetley and Brady J. Deaton

No 197144, 1981 Occasional Paper Series No. 2 from International Association of Agricultural Economists

Abstract: The need for more comprehensive development models to capture the behavioural dynamics of peasants in subsistence economies was emphaiszed at the 1976 IAAE Conference (Deaton; Mbithi; and Shapiro). This emphasis is consistent with Polanyi's claim that as a social being, man acts to "safeguard his social standing, his social claims, [and] his social assets" (p. 46). From this perspective, Deaton posited a general model of satisfaction maximization and illustrated the policy significance of the hypothesized behavioural relationships. The purpose of this paper is to extend the above thinking by: (1) presenting a conceptual framework of essential relationships for a satisfaction maximization model by drawing on three bodies of thought--economic anthropology, adoptiondiffusion (sociology), and production economics; (2) analyzing selected interrelationships; and (3) discussing the significance and implications of the model for economic development.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 7
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo2:197144

DOI: 10.22004/ag.econ.197144

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