Consumption in a vacuum
In 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 symbolic—consumption 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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Volume (Year): 35 (2005)
Issue (Month): 1 (January)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pesendorfer, Wolfgang, 1995.
"Design Innovation and Fashion Cycles,"
American Economic Review,
American Economic Association, vol. 85(4), pages 771-792, September.
- Boland, Lawrence A, 1981. "On the Futility of Criticizing the Neoclassical Maximization Hypothesis," American Economic Review, American Economic Association, vol. 71(5), pages 1031-1036, December.
- Wilfred Dolfsma, 2004. "Institutional Economics and the Formation of Preferences," Books, Edward Elgar Publishing, number 2961.
- Thompson, Craig J & Haytko, Diana L, 1997. " Speaking of Fashion: Consumers' Uses of Fashion Discourses and the Appropriation of Countervailing Cultural Meanings," Journal of Consumer Research, Oxford University Press, vol. 24(1), pages 15-42, June.
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