The evolution of consumption and its welfare effects

Ulrich Witt1,2

  • 1Max Planck Institute for Science of Human History, Jena, Germany.

Journal of Evolutionary Economics
|April 11, 2017
PubMed
Summary

Rising incomes and consumption opportunities alter motivational forces, changing preferences and consumption patterns. This evolution in consumer behavior may not always increase welfare, especially at high spending levels.

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