Demand Analysis and the Flow of Time in Consumption

Abstract

Consumption analysis is one of the most refined branches of economic theory. Over a century of scholarly efforts in utility analysis has created an impressive body of logic that incorporates the most advanced tools of mathematics. But despite the elaborate refinements it has also become one of the least operational of economic analyses. It is so highly general that it offers little in the way of testable predictions[l].

Citation

Bernhardt, P.G. (1987), "Demand Analysis and the Flow of Time in Consumption", International Journal of Social Economics, Vol. 14 No. 3/4/5, pp. 199-206. https://doi.org/10.1108/eb014060