A behavioural framework for evaluating the process of economic development
Yetley, M.J. | Deaton, B.J.
Extract: "The need for more comprehensive development models to capture the behavioural dynamics of peasants in subsistence economies was emphasized 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, adoption-diffusion (sociology), and production economics; (2) analyzing selected interrelationships; and (3) discussing the significance and implications of the model for economic development."
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