Consumer Expenditures: New Measures And Old Motives (Princeton Legacy Library, 316)

Analyzing our interest in individual economic well-being, Lebergott argues that consumer expenditure provides a better guide than the usual data on money income before tax. He also challenges continued reliance on a single consumption function in macro models. In other essays he uses the new data to demonstrate that the supposed "flawed prosperity" of the 1920s was not responsible for the Great Depression; points out the limitations of the usual consumer budget surveys; and contrasts the role of age, nativity, and other factors in creating interstate differences. The new data, which link to the official BEA estimates, will provide raw material to test and extend theories of how the consumer and the economy function. 9780691601212 0691601216 0 BOOK Consumption (Economics) NOT_MATURE http://books.google.com/books/content?id=TkK_oAEACAAJ&printsec=frontcover&img=1&zoom=5&source=gbs_api en

• | Author: Stanley Lebergott
• | Publisher: Princeton University Press
• | Publication Date: Jul 14, 2014
• | Number of Pages: 300 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 0691601216
• | ISBN-13: 9780691601212