The aim of this paper is to propose an analytical framework, wherein the individuals' choice problem is addressed in terms of alternative time‐consuming activities rather than in terms of alternative bundles of goods and services. In particular, the paper reverses Becker's (1965) proposal to...

In this paper we examine the to-date relevance of Duesenberry´sConsumption Theory through an applied case to four economiesin Latin America: Mexico, Brazil, Argentina and Colombia. Usingannual time series of these countries we show that some empiricalevidence of Duesenberry´s theory still...

Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and dierences between the two approaches. I will show that the newer mainstream models indeed give results that are fairly...

The aim of the paper is to evaluate the relationship between consumers’ climate and consumption, looking – respectively – at income-based indicators of confidence and at consumption expenditures disaggregated by durability. We find that confidence significantly contributes explaining...

The present volume brings together a number of original researches, of good academic value, aimed at analyzing the impact of postmodern society on current human inner growth. These approaches so very different in their areas of coverage - from Figure of Kidult (Bernardini, 2014) and the...

Consumption theory has always been a neglected field in post-Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream models indeed give results that are...

There is no doubt that aggregate consumption is a key variable for policy makers. The aim of this handbook is to familiarise the reader with the key theories that have been used to model and forecast consumption and draw out their implications for policy analysis. This handbook is intended to be...

Ever since it has been proclaimed “as the sole end and purpose of all production” consumption has been performing an essential role in economic theory. Although consumption was approached by economists prior to Keynes, it is only in his work that consumption gained its due importance,...