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A New View of UtilityMaximizing "Optimal Investment"

  • Rutgers - The State University of New Jersey, New Brunswick

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

1 Scopus citations

Abstract

In this brief essay, we review benefits of the caregiving system for health and well-being, and argue that these benefits are not reflected in economic models of how to maximize utility. We then describe how the caregiving system highlights the tension between appetitive motives versus maintaining deeper relationships, a sense of purpose, meaning, etc, and point out how this tension is reflected in existing debates within economics. We discuss how new discoveries about the caregiving system can be used to inform these debates, and conclude with a discussion of some potential practical implications.

Original languageEnglish
Title of host publicationMoving Beyond Self-Interest
Subtitle of host publicationPerspectives from Evolutionary Biology, Neuroscience, and the Social Sciences
PublisherOxford University Press
ISBN (Electronic)9780199918386
ISBN (Print)9780195388107
DOIs
StatePublished - Jan 19 2012

Keywords

  • Appetitive motives
  • Caregiving
  • Caregiving system
  • Economics
  • Motivation
  • Relationships
  • Utility

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