Introduction: Consumption and the Modernization Process

Jeffrey James
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Jeffrey James: Tilburg University

Chapter 1 in Consumption and Development, 1993, pp 1-11 from Palgrave Macmillan

Abstract: Abstract Conventional consumption theory is a part of demand analysis and as such belongs to positive economics, but it also lies at the very heart of welfare economics which is concerned with prescriptive or normative propositions, such as, for example, the ‘sovereignty’ of the consumer.1 The principal theme of this book is that in its latter capacity, the value of consumption theory is greatly diminished by its inability to come to grips with — and hence to assess and influence — the changes that form part of what is known as the modernization process.2

Keywords: Technical Change; American Economic Review; Welfare Economic; Traditional Theory; Neoclassical Economic (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22658-0_1

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