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  • Argandoña, Antonio

    () (IESE Business School)


Frugality is a little studied virtue, but one that is important to the lives of individuals and families, communities and broader societies. In this article we consider what we mean by frugality and discuss its role in the decision-making process, within action theory. This leads us to a normative explanation of why frugality is needed and what it signifies. (Also available in Spanish)

Suggested Citation

  • Argandoña, Antonio, 2010. "Frugality," IESE Research Papers D/873, IESE Business School.
  • Handle: RePEc:ebg:iesewp:d-0873

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    References listed on IDEAS

    1. Moraga-González, José Luis & Wildenbeest, Matthijs R., 2008. "Maximum likelihood estimation of search costs," European Economic Review, Elsevier, vol. 52(5), pages 820-848, July.
    2. Han Hong & Matthew Shum, 2006. "Using price distributions to estimate search costs," RAND Journal of Economics, RAND Corporation, vol. 37(2), pages 257-275, June.
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    Action theory; Frugality; Lifestyle; Prudence; Saving; Sobriety; Temperance; Virtue;

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