The axiom of insatiability within economic theory states that needs, wants and desires can never be satisfied. This axiom drives the utility function upon which most economic policy is based. Non-satiation is not a natural human condition but rather a theoretical and cultural construction. Non-satiation is a myth that has been taken as truth in traditional economic theory. In this paper, we deconstruct the myth of non-satiation and relate its impact on the goals of human well-being and sustainable development.

Doomed to consume? Non-satiation as a flaw in the current economic paradigm and what communities can do about It / Anna Pettini. - In: INTERNATIONAL JOURNAL OF COMMUNITY WELL-BEING. - ISSN 2524-5295. - ELETTRONICO. - (2022), pp. 0-0. [10.1007/s42413-022-00182-6]

Doomed to consume? Non-satiation as a flaw in the current economic paradigm and what communities can do about It

Anna Pettini
2022

Abstract

The axiom of insatiability within economic theory states that needs, wants and desires can never be satisfied. This axiom drives the utility function upon which most economic policy is based. Non-satiation is not a natural human condition but rather a theoretical and cultural construction. Non-satiation is a myth that has been taken as truth in traditional economic theory. In this paper, we deconstruct the myth of non-satiation and relate its impact on the goals of human well-being and sustainable development.
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Goal 3: Good health and well-being
Goal 8: Decent work and economic growth
Goal 11: Sustainable cities and communities
Anna Pettini
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2158/1286484
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