Consumption Takes Time: Implications for Economic Theory - Routledge - Image 1

£136.81

Routledge Consumption Takes Time: Implications for Economic Theory - Routledge

Name: Consumption Takes Time: Implications for Economic Theory - Routledge
Brand: Routledge
Price: 136.81 GBP
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Business & Economic History

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Description

Standard economic theory often overlooks a fundamental reality: consumption takes time. While traditional models focus on consumer preferences, income, and commodity prices, they frequently ignore the fact that every consumer is limited by the same 168 hours available in a week. This book, part of The Graz Schumpeter Lectures series, brings this overlooked factor to the center stage of economic discussion. By examining how time constraints impact decision-making, this work explores the tension between being money-rich but time-poor versus being money-poor and killing time. It argues that both money and time considerations are necessary to understand consumer behavior fully. Recognizing that consumers face both time and expenditure constraints provides a more accurate lens for economic theory. This text is an essential resource for those studying the evolution of business and economic history, offering a fresh perspective on how temporal limitations shape modern consumption patterns.

Key Features

Explores the role of time constraints in consumer behavior to supplement traditional economic models based on income and price.

Part of the respected Graz Schumpeter Lectures series published by Routledge.

Analyzes the balance between money and time, addressing the reality of being money-rich but time-poor.

Provides a new perspective on how the 168-hour weekly limit affects economic decision-making processes.

Offers deep insights into the dual constraints of expenditure and time on modern consumers.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 0415250994
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 29 March 2001
Listed Since: 08 February 2007

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Routledge Consumption Takes Time: Implications for Economic Theory - Routledge

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