Consumption in a vacuum
AbstractIn recent years, economics has paid increasing attention to the phenomenon of consumption. Insights from outside of the mainstream and from outside of economics proper have found inroads as well. Largely neglected in previous decades, consumption theory in economics was the exclusive domain for technical discussions only for a long time, as the articles selected by the late Kevin Lancaster show. Consumption of many goods is, however, highly symbolicâconsumption behavior is in large part about institutionalized communication where instrumental considerations do not necessarily play an important role. Some of the most promising ideas that can be developed further in economics to better understand consumption behavior are presented.
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Bibliographic InfoArticle provided by Springer in its journal Forum for Social Economics.
Volume (Year): 35 (2005)
Issue (Month): 1 (March)
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Web page: http://www.springer.com/economics/journal/12143
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- Wolfgang Pesendorfer, 1993.
"Design Innovation and Fashion Cycles,"
1049, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Boland, Lawrence A, 1981. "On the Futility of Criticizing the Neoclassical Maximization Hypothesis," American Economic Review, American Economic Association, vol. 71(5), pages 1031-36, December.
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