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. Whether one is 'money-rich but time-poor' or is 'money-poor and killing time', both money and time considerations matter. Recognition that consumers are subject to both time and expenditure constraints makes a real difference to the economic theory...
Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumpt...
Idea for those studying advanced macroeconomic and written by a widely published author, this book outlines a new and more fruitful way of understanding, analyzing and formally modelling economic growth.
In his series of lectures, collected here in one concise and engaging book, Amit Bhaduri draws on contemporary issues such as the role of competition policy, labour market flexibility and intellectual property rights regime in influencing the rate of economic growth to sketch an alternative approach to mainstream growth theory.
He explores:
the role of division of...
Idea for those studying advanced macroeconomic and written by a widely published author, this book outlines a new and more fruitful way of understa...
The Graz Schumpeter lectures are given on an annual basis by leading scholars that transcend a single disciplinary discourse. This title in the series is based on the lectures given by Alan Milward.
The Graz Schumpeter lectures are given on an annual basis by leading scholars that transcend a single disciplinary discourse. This title in the series...
