Consumed in theory: alternative perspectives on the economics of consumption

Author(s): Ackerman, Frank

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Abstract \xa0 The writer reviews the history of dissenting economic perspectives on consumption and argues that the perspectives provide enough material for the construction of an alternative, particularly if the dissenting views are combined into a comprehensive new theory. He notes that the academic development of alternatives has frequently avoided combining dissenting perspectives and instead moved toward narrow single-issue models. To present the alternative theories, he outlines three fundamental assumptions of the neoclassical theory of consumption--asocial individualism, insatiability, and commodity orientation--and discusses economists whose work on consumption can be seen as providing alternatives to these assumptions. Conclusions are drawn synthesizing the alternatives outlined.
Publication Title Journal of Economic Issues [H.W. Wilson - SSA]
Publication Date 09/1997
Keywords Consumption (Economics)
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