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All Journal Buletin Psikologi
William Walter Bostock
University of Tasmania
Religion Humanities Neuroscience Public Health Social Sciences

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Boulding’s Psychic Capital: The Linking of Individual and Collective Identities William Walter Bostock
Buletin Psikologi Vol 29, No 2 (2021)
Publisher : Faculty of Psychology Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (117.661 KB) | DOI: 10.22146/buletinpsikologi.55083

Abstract

The purpose of this article is to establish that Kenneth E. Boulding, an economist whose work also encompassed many other disciplines, provided a valuable insight within the study of psychology. Boulding observed that while in an economic unit there is a store of financial capital which is necessary for continued existence, also in human nature there is a need for a reserve of psychic capital that is vital for the mental health of the individual and society. Psychic capital does this by providing a link consisting of positive feelings shared between the individual and the larger grouping. Boulding proposed that a coherent body of thoughts, memories, and emotions may be shared between individual and collective minds as shared psychic capital. Finally, some present-day examples are given whereby the consequences of a loss of psychic capital have been observed with particular emphasis on collective depression and suicide.
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