textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it … is possible to ground a Keynesian-type aggregate Consumption function on the basis of (some of) the principles underlying …

's optimization problem to out students in Microeconomics course. It suggests that while maximizing utility subject to a budget … implications of these alternatives presentations of the optimization problem may be quite different. …

events within a Minsky-Veblen Cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by … equality leads to a corresponding increase in debt-financed consumption demand. Here Minskyian dynamics come into play …-financed consumption boom. As the solvency of households decreases and interest rates move up, banks reduce lending, triggering household …

and Steven Marglin in the early 1990s, by incorporating relative consumption concerns. Specifically, it integrates the … Veblenian concept of conspicuous consumption into a typical Bhaduri-Marglin model by assuming that relative consumption concerns … in workers' income is distributed unevenly, efforts to keep up with the Joneses may increase consumption and, hence, lead …

Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New … questions, still remain. Building on insights from Economic Sociology and Behavioral Economics, the importance for consumption …