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This paper axiomatizes an index of consumer freedom of choice and applies it to U.S. consumer data from 2004 to 2017 … consumption, the price level, and inequality. We show that this index can be interpreted as the freedom of choice of a … representative consumer allocating a dollar of expenditure to goods. When applied to data, we find that the freedom of choice index …
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This article contrasts the secular and Catholic literature on consumerism and its implications for liberty. Three specific questions are considered: Is consumerism harmful to liberty? Is it a necessary consequence of a market economy? Who is responsible for consumerism? The article shows that...
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