The Value of Consumption

Pierre Lemieux

Chapter Chapter 4 in Who Needs Jobs?, 2014, pp 29-43 from Palgrave Macmillan

Abstract: Abstract We have already considered the objection that some people—ascetics, monks, adherents to voluntary poverty like Thoreau, or enemies of modernity like Kaczynski—do not like consumer goods that are purchased on the market . But this does not mean that they hate all con­sumption. They may still like homespun cassocks, for exam­ple, and other subsistence goods produced by unpaid work. Man does not live by pure ideas alone. According to their own individual preferences (and the constraints they face), these people may choose more leisure and less consumption, and are more inclined to produce their consumer goods as a do-it-yourself enterprise. What they don’t like, in fact, is only certain forms or certain levels of consumption. Their indi­vidual preferences are covered by the economic theory used thus far. They just have different preferences.

Keywords: Individual Preference; Consumer Good; Socialist Economy; Unpaid Work; Free Individual (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-35351-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137353511

DOI: 10.1057/9781137353511_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().