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PASAHOL, Remsce A.

2011-03456 FMA# 2

After consulting several books and research articles, the author found out a dearth in
literature with regard to explanations on how love can be a foundation of economic growth. No
literature has pointed out a clear correlation between the abstract concept of love and economic
growth. The absence of direct link led the author to resort to looking for love-related concepts
found to have direct connection to economic growth.

a. Love, Family, and Economic Growth

Oikonomia, the Greek word to which “economics” traces its etymology refers to the
management of the household. Coincidentally, strong family is one of the strong enabling forces
towards economic growth (Wilcox, 2015).

It is said that love is the foundation of a family. Considered as a strong affection

expressed by individuals engaged in a romantic relationship, love is an important determining
factor for marriage and in starting a family (Shahrazad et al., 2012). Love is also considered as a
psychological entity needed in the sustenance of marital satisfaction towards longer marriage and
healthier families (Hoesni et al, 2016). Between the mother and father, love can be shown in
terms of intimacy, passion, and commitment.

Canning et al. (1994) have also pointed out that economic decisions of an individual are
most frequently made at the family level. This applies to both the parents and the children.
Presence of the virtue of love within the family is said to lead to a sound decision-making. For
instance, their love for their children always keep parents in leaning their economic decisions
such as job applications and financial investments towards the welfare of their off-springs.
Wilcox et al. (2015) also stated that parents having a healthy family tend to be more job market

The results of a study by the Institute for Family Studies in United States of America,
showed that states with higher number of married-parent families were “strongly associated with
more economic growth, more economic mobility, less child poverty, and higher median family
income” (Wilcox et al., 2015 p. 3). This implies that families founded on love tend to be more
productive economically.

b. Love of One’s Country and Economic Growth

Another love-related concept is patriotism. The Stanford Encyclopedia of Philosophy

(2009) have defined it as simply the “love of one's country.” Stephen Nathanson (1993, 34–35),
a professor emeritus in Northeastern University, Boston, Massachusetts provided a clearer
definition of patriotism by stating the following manifestations:
1. special affection for one's own country;
2. a sense of personal identification with the country;
3. special concern for the well-being of the country; and
4. willingness to sacrifice to promote the country's good.

Patriotism usually involves buying and supporting local commodities. This promotes the
development of local businesses which can help improve the country’s Gross Domestic Product.

Special concern for the well-being of the country stops an individual from doing anything
which may destroy its resources. For instance, individual who loves his/her country will not risk
the destruction of forests for irresponsible mining imposing short-term goals to him, to the
immediate environment and the people leaving on it. As what Boylan (2008) said, love is a
powerful motivator for being good and an effective guide in performing good deeds.


Boylan, M. (2008). The good, the true, and the beautiful. New York, NY: Continuum
International Publishing Group.

Canning, D., Mitchell, M., Bloom, D., & Kleindorfer, E. L. (1994). The family and economic
development. Harvard Institute for International Development, 1-9.

Chapman, H. M. (2011). Love: A Biological, Psychological and Philosophical Study. Senior

Honors Projects. Paper 254. Retrieved from

Cleveland, P. A. (2000). Economic Growth: What's Love Got To Do With It? The Journal of
Private Enterprise, 15(2).

Hoesni, S. M., Kadir, N. A., Sulaiman, S. S., & Hafidz, S. M. (2016). Love and Marital
Satisfaction among Urban Malays: Comparing Three Groups of Length of Marriage. Jurnal
Psikologi Malaysia. 30(2), 32-41.

Masaryk, R. (2012). Conceptualizing love: Is it all we need? Human Affairs, 22(2).


Nathanson, Stephen, 1989, “In Defense of ‘Moderate Patriotism’,” Ethics, 99: 535–552.
Reprinted in Primoratz (ed.) (2002).

Primoratz, I. (2015). Patriotism. In The Stanford Encyclopedia of Philosophy. Retrieved from
Shahrazad, W. S., Hoesni, S. M., & Chong, S. T. (2012). Investigating the Factor Structure of the
Love Attitude Scale (LAS) with Malaysian Samples. Asian Social Science, 8(9).

Sternberg, R. J. (1997). Construct Validation of aTriangular Love Scale. European Journal of

Social Psychology 27, 313-335.

Sternberg, R. J., Barnes, M. L. (1988). The Psychology of Love. London: New Have, Conn.: Yale
University Press.

Sternberg, Robert J. (Ed); Weis, Karin (Ed). (2006). The new psychology of love , (pp. 171-183).
New Haven, CT, US: Yale University Press, viii, 338 pp.

Wilcox, W. B., Price, J., & Lerman, R. I. (2015). Strong families, prosperous states: Do healthy
families affect the wealth of states? American Enterprise Institute and the Institute for
Family Studies.