This high “double” tax distorted all sorts of behavior–inducing heavy reliance on risky debt finance, for example–and likely caused more economic damage dollar-for-dollar than any other ...

Christopher D. Carroll, A Theory of the Consumption Function, with and without Liquidity Constraints, The Journal of Economic Perspectives, Vol. 15, No. 3 (Summer, 2001), pp. 23-45 ...

The American people are repeatedly told by financial pundits and politicians that consumption is an “engine” that “drives” economic growth because it makes up 70% of GDP.

Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies ...

The consumption function theories in economics evolve around lifetime decision making or how to maintain a stable pattern of standard of living over life time.

Consumption economics has allowed the conversation to shift from the product’s bells and whistles to the actual kind of performance and financial flexibility a business is looking for, adds Rohra.