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The Limits of Choice
Sahra Wagenknecht
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Description for The Limits of Choice
Paperback. 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. Num Pages: 300 pages, 80 line drawings. BIC Classification: 1DFG; 1KBB; 3JJP; 3JM; KCB; KCP. Category: (G) General (US: Trade). Dimension: 213 x 144 x 20. Weight in Grams: 420.
In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.
In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.
Product Details
Format
Paperback
Publication date
2013
Publisher
Campus Verlag Germany
Number of pages
300
Condition
New
Number of Pages
328
Place of Publication
Frankfurt, Germany
ISBN
9783593399164
SKU
V9783593399164
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Sahra Wagenknecht
Sahra Wagenknecht is a German politician.
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