The Consumption Function in Economics
Springer International Publishing (Verlag)
978-3-032-15957-1 (ISBN)
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This book examines the historical and methodological development of the consumption function in economics discourse. It provides a discussion of the key stages in the theoretical evolution of the concept, from the beginning of the 20th century through to the modern day. Particular attention is given to the ways in which Thorstein Veblen, John Maynard Keynes, James Duesenberry, Franco Modigliani, Richard Brumberg, and Milton Friedman conceptualized consumption. Further, it examines the latest theoretical and methodological developments within the neoclassical as well as the heterodox economics traditions. By connecting the history of consumption function to the methodological frameworks in which consumption theories were devised, the work also brings into the fore the important economic policy implications associated to various consumption
Stavros A. Drakopoulos obtained a Ph.D in economics from the University of Stirling, UK. After academic appointments at the University of Glasgow (1988-1989) and the University of Aberdeen (1990-1996), he was elected Assistant Professor (1996-2000) and Associate Professor (2000-2005) at the National and Kapodistrian University of Athens, where he is currently a full Professor of Economics in the Department of History and Philosophy of Science. His research interests include history and methodology of economics, labour economics, and the economics of subjective wellbeing. He has published 54 peer-reviewed papers, six books, one edited volume, 16 chapters in edited books and Encyclopaedias including books published by Springer, Routledge and Edward Elgar Publishing. His books include Comparisons in Economic Thought: Economic Interdependency Reconsidered, (Routledge, 2016), Economic Policy and the History of Economic Thought (edited with Ioannis Katselidis, Routledge, 2023), and Economics and Psychology: An Uneasy History (with Ioannis Katselidis, Routledge, 2024).
1. Introduction.- 2. Ideas on Consumption Before Keynes.- 3. J. M. Keynes and the Role of Consumption.- 4. Post-War Empirical Studies.- 5. James Duesenberry and the Relative Income Hypothesis.- 6. Neoclassical Alternatives to Keynes and Duesenberry.- 7. The Emergence of the Neoclassical Consumption Function.- 8. Macroeconomic Policy Implications.- 9. Conclusions.
| Erscheint lt. Verlag | 23.4.2026 |
|---|---|
| Zusatzinfo | X, 140 p. 15 illus. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 148 x 210 mm |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
| Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
| Schlagworte | Absolute income hypothesis • Capital Stock • consumption expenditures • Consumption function • Consumption in the history of economic thought • Economic Methodology • Economic Policy • Employment • Fiscal Policy • General Equilibrium • Income Growth • Keynes on consumption • Life-cycle hypothesis • macroeconometric models • Macroeconomic Theory • Neoclassical consumption • Thorstein Veblen on consumption |
| ISBN-10 | 3-032-15957-1 / 3032159571 |
| ISBN-13 | 978-3-032-15957-1 / 9783032159571 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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