A Bean-Brick Parable: "Consumer Sovereignty" Yet Again

Martin Bronfenbrenner
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Martin Bronfenbrenner: Aoyama Gakuin University

Eastern Economic Journal, 1990, vol. 16, issue 3, 265-270

Abstract: This paper sets the general consumer interest in abundance (avoiding monopoly) against the general producer interest in income (avoiding monopsony, with its analogues in the theory of international trade [consumer interests for free trade, producer interests for protection]. Postulating an economy with a single final product (the bean-brick) and producers unspecialized as between its various parts and processes, it argues that the unorthodox (anticonsumer) position is conceivable, but that the conditions for it are too strange to be taken seriously in either domestic or international economic policy.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:16:y:1990:i:3:p:265-270

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