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Clower’s Dual-Decision Hypothesis is economics

Author

Listed:
  • Cheng K. WU

    (Independent Researcher, Taiwan.)

Abstract

This article revisits Clower’s Dual-Decision Hypothesis and its relevance to modern economic theory. It discusses implications for demand theory and behavioral economics.

Suggested Citation

  • Cheng K. WU, 2018. "Clower’s Dual-Decision Hypothesis is economics," Turkish Economic Review, EconSciences Journals, vol. 5(1), pages 83-88, March.
    • Handle: RePEc:cvv:journ2:v:5:y:2018:i:1:p:83-88
    as

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    References listed on IDEAS

    as
    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Wu, Cheng, 2016. "New Result in Consumption Theory: Change in Savings and Income Growth – Nineteen Years Later," MPRA Paper 69582, University Library of Munich, Germany.
    3. Wu, Cheng, 2017. "Does Clower’s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes’s General Theory?," MPRA Paper 82120, University Library of Munich, Germany.
    4. Cheng K. WU, 2016. "New Result in Consumption Theory:Change in Savings and Income Growth Nineteen Years Later," Journal of Economics Library, EconSciences Journals, vol. 3(1), pages 77-81, March.
    5. Cheng K. WU, 2017. "Economics and how Obama could have lost the 2016 election too," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 4(3), pages 283-288, September.
    6. Cheng K. WU, 2017. "Does Clower s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes s General Theory?," Journal of Economics Library, EconSciences Journals, vol. 4(4), pages 552-560, December.
    7. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
    8. Cheng K. WU, 2016. "New Result in Consumption Theory:Change in Savings and Income Growth – Nineteen Years Later," Journal of Economics Library, KSP Journals, vol. 3(1), pages 77-81, March.
    9. Cheng K. WU, 2017. "Economics and how Obama could have lost the 2016 election too," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(3), pages 283-288, September.
    10. Cheng K. WU, 2017. "Does Clower’s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes’s General Theory?," Journal of Economics Library, KSP Journals, vol. 4(4), pages 552-560, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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