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Consumption Takes Time

Implications for Economic Theory

By Ian Steedman

Published August 1st 2006 by Routledge – 180 pages

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Description

Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This simple fact is almost invisible in standard theory, and takes the centre stage in this book.

Contents

1. Consumption takes time

2. Zurück Zu Gossen

3. Further explanatory analysis

4. Welfare economics

5. Activities rather than wants

Related Subjects

  1. Economics
  2. Finance