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A Bean-Brick Parable: "Consumer Sovereignty" Yet Again

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  • Martin Bronfenbrenner

    (Aoyama Gakuin University)

Abstract

This paper sets the general consumer interest in abundance (avoiding monopoly) against the general producer interest in income (avoiding monopsony, with its analogues in the theory of international trade [consumer interests for free trade, producer interests for protection]. Postulating an economy with a single final product (the bean-brick) and producers unspecialized as between its various parts and processes, it argues that the unorthodox (anticonsumer) position is conceivable, but that the conditions for it are too strange to be taken seriously in either domestic or international economic policy.

Suggested Citation

  • Martin Bronfenbrenner, 1990. "A Bean-Brick Parable: "Consumer Sovereignty" Yet Again," Eastern Economic Journal, Eastern Economic Association, vol. 16(3), pages 265-270, Jul-Sep.
    • Handle: RePEc:eej:eeconj:v:16:y:1990:i:3:p:265-270
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume16/V16N3P265_270.pdf
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