Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he … satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple …

Satisfaction Poverty Line, two the Leyden Poverty Line, and three the Subjective Well-Being Poverty Line. The first two poverty … lines are based on subjective questions regarding income and economic welfare while the last concept focuses on satisfaction …