Conventional consumption theory is a part of demand analysis and as such belongs to positive economics, but it also lies at the very core of welfare economics, which is concerned with prescriptive or normative propositions. 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 the modernization process in developing countries.
- ISBN10 0333546962
- ISBN13 9780333546963
- Publish Date February 1993 (first published 1 January 1993)
- Publish Status Out of Print
- Out of Print 12 October 1995
- Publish Country GB
- Imprint Palgrave Macmillan
- Format Hardcover
- Pages 264
- Language English