The Limits of Choice

Name: The Limits of Choice
Author: Sahra Wagenknecht

Saving Decisions and Basic Needs in Developed Countries

Specificaties

Paperback, 328 blz. | EN

Campus Verlag | e druk, 2013

ISBN13: 9783593399164

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Campus Verlag e druk, 2013 9783593399164

€ 66,89

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Samenvatting

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.