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The Limits of Choice

- Saving Decisions and Basic Needs in Developed Countries

af Sahra Wagenknecht
The Limits of Choice af Sahra Wagenknecht
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Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based on their permanent or lifetime income, this title proposes a rule of thumb according to which consumers can save if their income exceeds basic expenditure, while they can demand credit when income can no longer meet basic needs.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783593399164
  • Indbinding:
  • Paperback
  • Sideantal:
  • 328
  • Udgivet:
  • 3. december 2013
  • Størrelse:
  • 144x213x20 mm.
  • Vægt:
  • 420 g.
  • Ukendt - mangler pt..

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Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based on their permanent or lifetime income, this title proposes a rule of thumb according to which consumers can save if their income exceeds basic expenditure, while they can demand credit when income can no longer meet basic needs.

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