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A Social and Economic Theory of ConsumptionConsumption and the Necessary Economic Conditions for Consumption

A Social and Economic Theory of Consumption: Consumption and the Necessary Economic Conditions... [Even the modern hedonist cannot participate in the markets without money. Money is a major determinant of both the external conditions for production and consumption and the relationship between those conditions. In the national economy the ceiling for consumption is determined by the total volume of income (and assets). The income distribution among population groups, in turn, regulates the balance between production and consumption and draws the limit for the satisfaction of needs and desires. It is important, therefore, that the sociology of consumption does not ignore the economic dimension of consumption.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Social and Economic Theory of ConsumptionConsumption and the Necessary Economic Conditions for Consumption

Editors: Sulkunen, Pekka; Gronow, Jukka; Noro, Arto; Rahkonen, Keijo; Warde, Alan
Ilmonen, Kaj
A Social and Economic Theory of Consumption — Aug 31, 2015
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2011
ISBN
978-1-349-31873-5
Pages
73 –81
DOI
10.1057/9780230295339_5
Publisher site
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Abstract

[Even the modern hedonist cannot participate in the markets without money. Money is a major determinant of both the external conditions for production and consumption and the relationship between those conditions. In the national economy the ceiling for consumption is determined by the total volume of income (and assets). The income distribution among population groups, in turn, regulates the balance between production and consumption and draws the limit for the satisfaction of needs and desires. It is important, therefore, that the sociology of consumption does not ignore the economic dimension of consumption.]

Published: Aug 31, 2015

Keywords: Food Expenditure; Income Level; Income Group; Nordic Country; Disposable Income

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