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Consumer-Friendly Production or Producer-Friendly Consumption?

  • Russell Keat

Abstract

At a time when political parties compete as the champions of consumers against producers, when consumer-friendliness is seen as the chief virtue of any product and cultural theorists celebrate the displacement of production by consumption as the basis of self-identity, it is refreshing to find such an intellectually vigorous challenge to all this in The Market Experience.1 Through a painstaking analysis of the empirical evidence, Robert Lane argues that, at least potentially, the contributions to people’s well-being from engagement in the processes of production are much greater than those deriving from its outputs: the acquisition of income and its deployment in consumption. But if this is so, he suggests, it points to a fundamental defect in the market. Market economies, he argues, are consumer economies: they tend inherently to prioritize consumer-satisfactions over producer-satisfactions. In doing so they sacrifice greater goods for lesser ones.

Keywords

Market Economy Market Experience Extrinsic Reward Creative Product Capitalist Enterprise 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Russell Keat 2000

Authors and Affiliations

  • Russell Keat
    • 1
  1. 1.University of EdinburghUK

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