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Consumption Takes Time: Implications for Economic Theory

Consumption Takes Time: Implications for Economic Theory

Paperback

Series: Graz Schumpeter Lectures

EconomicsInvesting & Finance

ISBN10: 0415406382
ISBN13: 9780415406383
Publisher: Routledge
Published: Aug 1 2006
Pages: 180
Weight: 0.57
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English
Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This simple fact is almost invisible in standard theory, and takes the centre stage in this book.

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