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Introduction: Consumption and the Modernization Process

In: Consumption and Development

Author

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  • Jeffrey James

    (Tilburg University)

Abstract

Conventional consumption theory is a part of demand analysis and as such belongs to positive economics, but it also lies at the very heart of welfare economics which is concerned with prescriptive or normative propositions, such as, for example, the ‘sovereignty’ of the consumer.1 The principal theme of this book is that in its latter capacity, the value of consumption theory is greatly diminished by its inability to come to grips with — and hence to assess and influence — the changes that form part of what is known as the modernization process.2

Suggested Citation

  • Jeffrey James, 1993. "Introduction: Consumption and the Modernization Process," Palgrave Macmillan Books, in: Consumption and Development, chapter 1, pages 1-11, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22658-0_1
    DOI: 10.1007/978-1-349-22658-0_1
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