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The Socioeconomics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity

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  • Metin Cosgel

    (University of Connecticut)

Abstract

This paper is a review of the socio-economic literature on consumption. Considering consumption as a social activity, it examines how consumption solves the problems of interest, knowledge, and identity. It also discusses the main themes and important contributions in each category and offers suggestions for further research.

Suggested Citation

  • Metin Cosgel, 2005. "The Socioeconomics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity," Working papers 2005-46, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2005-46
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    References listed on IDEAS

    as
    1. Elias Khalil, 2004. "The Gift Paradox: Complex Selves and Symbolic Good," Review of Social Economy, Taylor & Francis Journals, vol. 62(3), pages 379-392.
    2. Thaler, Richard H & Shefrin, H M, 1981. "An Economic Theory of Self-Control," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
    3. George A. Akerlof & Rachel E. Kranton, 2002. "Identity and Schooling: Some Lessons for the Economics of Education," Journal of Economic Literature, American Economic Association, vol. 40(4), pages 1167-1201, December.
    4. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309-309.
    5. Cosgel, Metin M. & Minkler, Lanse, 2004. "Rationality, integrity, and religious behavior," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(3), pages 329-341, July.
    6. M.CoÅŸgel, Metin, 1994. "Audience Effects In Consumption," Economics and Philosophy, Cambridge University Press, vol. 10(1), pages 19-30, April.
    7. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    8. McCloskey, Donald & Klamer, Arjo, 1995. "One Quarter of GDP Is Persuasion," American Economic Review, American Economic Association, vol. 85(2), pages 191-195, May.
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    Cited by:

    1. Joshua Frank, 2007. "Meat as a bad habit: A case for positive feedback in consumption preferences leading to lock-in," Review of Social Economy, Taylor & Francis Journals, vol. 65(3), pages 319-348.

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    More about this item

    Keywords

    consumption; socio-economics; interest; knowledge; identity;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D1 - Microeconomics - - Household Behavior
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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