Learning to consume – A theory of wants and the growth of demand

@inproceedings{Witt2000LearningTC,
  title={Learning to consume – A theory of wants and the growth of demand},
  author={Ulrich Witt},
  year={2000}
}
The theory of economic growth takes little notice of what is happening on the demand side of the markets so that ever more goods and services can be sold. In order to make progress, this paper revives a classical notion in economics, the concept of wants, and re-casts it in terms of a behavioral theory. Hypotheses are discussed concerning the wants people pursue, the changes in these wants, and the corresponding consumption knowledge. The implications derived focus on why, in spite of the… CONTINUE READING
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