The Economic Times

Quote of the day by Abraham Maslow: 'Classic economic theory, based as it is on an inadequate theory of human motivation, could be...' - lessons on self-actualization, psychology, behavior and what really drives people by 'hierarchy of needs' creator

Quote of the day by Abraham Maslow: Abraham Maslow's quote challenges traditional economic theory by highlighting higher human needs beyond basic survival and financial gain. He argues that understanding motivations like self-actualization and the pursuit of meaning is crucial for a complete picture of human behavior and economic decision-making.