Consumption Takes Time: Implications for Economic Theory (Graz Schumpeter Lectures, 4)
Ian SteedmanISBN: 0415250994;
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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