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Demand, Complexity, and Long-Run Economic Evolution

  • Andreas Chai
  • Chad M. Baum
Book

Part of the Economic Complexity and Evolution book series (ECAE)

Table of contents

  1. Front Matter
    Pages i-vii
  2. Re-thinking the Economic Possibilities of Our Grandchildren

  3. New Perspectives on the Long-Run Evolution of Demand

About this book

Introduction

The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?

Keywords

Evolution of Demand Endogenous Preferences Structural Change Needs and Wants Sustainable Consumption

Editors and affiliations

  • Andreas Chai
    • 1
  • Chad M. Baum
    • 2
  1. 1.Griffith Business SchoolGriffith UniversityGold CoastAustralia
  2. 2.Institute of Food and Resource EconomicsUniversity of BonnBonnGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-02423-9
  • Copyright Information Springer Nature Switzerland AG 2019
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-02422-2
  • Online ISBN 978-3-030-02423-9
  • Series Print ISSN 2199-3173
  • Series Online ISSN 2199-3181
  • Buy this book on publisher's site