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What Shall I do? (or Why Consumer Theory Should Focus on Time-Use and Activities, Rather than on Commodities)

In: The Evolution of Consumption: Theories and Practices

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  • Ian Steedman

Abstract

The sole purpose of this simple paper is to present the idea that theorists of consumption, orthodox or otherwise, might do well to focus their attention on the use of time. ‘Economics is at bottom the study of how humans spend their lifetimes’ (Georgescu-Roegen, 1983, p. lxxxv), after all, and it thus makes sense to place time-use at centre-stage and to make sure that it is considered explicitly within consumer theory. Such an emphasis, it will be urged, enables the economic theorist to connect more easily both with certain other social-scientific and philosophical concerns and with many everyday common-sense concerns. ‘What shall I do?’, for example, is both a more frequent and a deeper question than, ‘What shall I buy/consume?’ (‘What ought I to be?’ is no doubt a still deeper – but less frequent! – question but is too difficult to be considered here.)

Suggested Citation

  • Ian Steedman, 2007. "What Shall I do? (or Why Consumer Theory Should Focus on Time-Use and Activities, Rather than on Commodities)," Advances in Austrian Economics, in: The Evolution of Consumption: Theories and Practices, pages 31-40, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-2134(07)10002-8
    DOI: 10.1016/S1529-2134(07)10002-8
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