Flourishing as Productive Tension: Theory and Model

Heifetz Aviad () and Enrico Minelli
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Heifetz Aviad: Economics and Management Department, Open University of Israel, Ra’anana, Israel

The B.E. Journal of Theoretical Economics, 2020, vol. 20, issue 1, 14

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’.

Keywords: gratification; flourishing; flow; social network; flourishing trap (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1515/bejte-2018-0162

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