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Consumption For The Fulfillment Of Human Life

Author

Listed:
  • Constantin Popescu

    (Academy of Economic Studies, Bucharest, Romania)

  • Silvia-Florina Popescu

    (National Research Institute for Labour and Social Protection, Bucharest, Romania)

  • Cristina Stroe

Abstract

The present moment is characterized by the syntagm of „hiperconsumption society”, as we assist to an unprecedented augmentation of our desires to consume, associated with a fundamental change of values. The study analyzes, based on the vast scientific literature, the causes and the effects of this hypertrophy of consumption, based on the assumption of Oswald „Economic performance is not intrinsically interesting... Economic things matter only in so far as they make people happier.” Also, as a new paradigm on economic development is being outlined in the economic science, using „health of the living” as a fundamental value, understood as an ensemble of parameters that create the frame for what must be a normal and desired evolution, we analyzed the means that are available and can be used for the transition towards a healthy model of consumption. From the perspective of consumers’ protection, we consider that education for a healthy consumption is an appropriate answer that can generate a durable change of the present pattern towards a more generous consumption from an intergenerational point of view that can also sustain a high quality of life for the generations that coexists and succeed themselves.

Suggested Citation

  • Constantin Popescu & Silvia-Florina Popescu & Cristina Stroe, 2010. "Consumption For The Fulfillment Of Human Life," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(28), pages 530-545, June.
    • Handle: RePEc:aes:amfeco:v:12:y:2010:i:28:p:530-545
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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_982.pdf
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    References listed on IDEAS

    as
    1. Veenhoven, Ruut, 2004. "Sustainable consumption and happiness," MPRA Paper 11279, University Library of Munich, Germany.
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    Cited by:

    1. Vishal Chandr Jaunky & Jamiil Jeetoo & Shreya Rampersad, 2020. "Happiness and Consumption in Mauritius: An Exploratory Study of Socio-Economic Dimensions, Basic Needs, Luxuries and Personality Traits," Journal of Happiness Studies, Springer, vol. 21(7), pages 2377-2403, October.
    2. Mira Rakic & Beba Rakic, 2015. "Sustainable Lifestyle Marketing of Individuals: the Base of Sustainability," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(40), pages 891-891, August.

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    More about this item

    Keywords

    healthy consumption; consumer education; the right to education; underconsumption and hyperconsumption; paradox of happiness; imperatives of human life;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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