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The aim of this essay is to present and explain the emergence and decay of two unorthodox views of consumer behaviour that developed from the mid-1940s to the mid-1970s: the view of the powerful consumer and the view of market control by producers. It begins by presenting their common origins in...
Persistent link: https://www.econbiz.de/10010953572
<italic>The aim of this paper is to explain the process of diversification of normative economics by presenting the work of two authors—Tibor Scitovsky (1910–2002) and Amartya Sen (1933–). While these two authors first contributed to traditional welfare analysis from within, they were subsequently...</italic>
Persistent link: https://www.econbiz.de/10009292874
The main arguments currently held for and against the use of self-reports in economics are presented in their relation to well-known events in the history of the discipline: the ‘measurement without theory’, the ‘full-cost’, and the ‘economic expectations’ controversies. Doing so,...
Persistent link: https://www.econbiz.de/10010755597
Persistent link: https://www.econbiz.de/10010798969
Although involved in projects of influential institutions like the Cowles Commission, the NBER, and the Michigan Survey Research Center, George Katona, the “pioneer student and chief collector of consumer anticipations data” (Tobin 1959, 1), is virtually absent from accounts of the topics he...
Persistent link: https://www.econbiz.de/10010603484
Persistent link: https://www.econbiz.de/10008764215