Quote by Abraham Maslow on self-actualization: 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: Abraham Maslow on Human Motivation
Quote of the day from Abraham Maslow: “Classical economic theory, based on an inadequate theory of human motivation, can be revolutionary by recognizing the reality of higher human needs, including the drive for self-actualization and the love of the highest values.” According to BrainyQuotes.
Word of the Day April 26: Abraham Maslow’s View on Economic Theory and Human Needs
Abraham Maslow’s words are essentially about expanding our understanding of what motivates people, especially in areas such as economics and decision-making. Traditional economic theory tends to assume that people act mostly based on basic needs such as money, security, or material gain. Maslow challenges this limited view by arguing that human motivation is much deeper and more layered than that.
Quote of the Day from Abraham Maslow: Understanding Human Needs Beyond Money and Survival
His central idea is the concept of “higher human needs”. These include a desire for personal growth, creativity, meaning, and what he calls “self-actualization,” meaning becoming the full version of himself. According to Maslow, people are not just trying to survive or earn more, they are also trying to find purpose, express themselves, and connect with values that make sense.
Quote of the Day Meaning: Rethinking the Economy through Human Growth and Purpose
The quote suggests that economic theory will be incomplete if it ignores these higher needs. It cannot fully explain why people make certain choices, especially when those choices do not always maximize money or material benefit. For example, people may choose meaningful work over higher-paying jobs or prioritize creativity and fulfillment over financial gain.
His message is that true human behavior is shaped by both basic needs and higher desires, and both must be taken into account to more accurately understand society.
Who is Abraham Maslow?
Abraham Maslow was an American psychologist and philosopher known for developing self-actualization theory, which focuses on the idea that psychotherapy should help individuals achieve a fully integrated sense of self. Born in New York in 1908, he studied psychology at the University of Wisconsin and later researched Gestalt psychology at the New School for Social Research, Britannica reports. He went on to teach at Brooklyn College and later became head of the psychology department at Brandeis University, where he worked for many years.
Maslow’s Hierarchy of Needs Explained
Maslow is known for his 1943 work on the “hierarchy of needs,” which explains human motivation as a step-by-step process. According to the Britannica report, he suggested that people must first meet their basic physiological needs, followed by their needs for safety, love, and belonging and esteem. Only after completing these levels can a person reach self-actualization, the highest level of psychological development. He believed that this stage, in which individuals fully integrate their personalities and potentials, was rare but representative of psychological health.
Abraham Maslow’s Legacy in Psychology and Philosophy
Influenced by existential thinkers, Maslow became a key figure in humanist psychology, often referred to as the “third force” in psychology, alongside behaviorism and psychoanalysis, according to the Britannica report. His important works, such as Towards a Psychology of Motivation and Personality and Existence, expanded on these ideas. His later articles were published after his death in 1970.
Inspiring Quotes by Abraham Maslow
Here are a few more quotes from Abraham Maslow.
- According to BrainyQuotes, “If you plan to be less than you can be, you will likely be unhappy all the days of your life.”
- According to BrainyQuotes, “Education can become a self-fulfilling, liberating activity in itself.”
- According to BrainyQuotes, “What is needed to change a person is to change their awareness of themselves.”
- According to BrainyQuotes, “The science of psychology has been much more successful on the negative side than on the positive side… It has told us much about man’s shortcomings, diseases, sins, but revealed little about his potentials, virtues, achievable desires, or psychological health.”



