Consumption Takes Time: Implications for Economic Theory

1st Edition

Ian Steedman

Routledge
Published August 1, 2006
Reference - 180 Pages
ISBN 9780415406383 - CAT# RU06382

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Summary

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.

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