The Limits of Choice : Saving Decisions and Basic Needs in Developed Countries
Book Details
Format
Paperback / Softback
ISBN-10
3593399164
ISBN-13
9783593399164
Publisher
Campus Verlag
Imprint
Campus Verlag
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 3rd, 2013
Print length
328 Pages
Weight
420 grams
Dimensions
21.30 x 14.40 x 2.00 cms
Product Classification:
MacroeconomicsPolitical economy
Ksh 7,900.00
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Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based on their permanent or lifetime income, this title proposes a rule of thumb according to which consumers can save if their income exceeds basic expenditure, while they can demand credit when income can no longer meet basic needs.
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