Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence

Prompted by the English translation of H.H. Gossen’s The Laws of Human Relations and the Rules of Human Action Derived Therefrom (1983) edited by Georgescu Roegen, a new approach to consumption theory emphasizes the fundamental role of time in individual economic behavior. The paper highlights the...

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Main Author: Sergio Nisticò
Format: Article
Language:English
Published: Association Œconomia 2017-06-01
Series:Œconomia
Subjects:
Online Access:http://journals.openedition.org/oeconomia/2708
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spelling doaj-43065ddaaf454d6a91ff624349a5e72b2020-11-25T00:45:59ZengAssociation ŒconomiaŒconomia2113-52072269-84502017-06-017221923810.4000/oeconomia.2708Consumption Choices and Time Use: History, Theory and Potential Empirical EvidenceSergio NisticòPrompted by the English translation of H.H. Gossen’s The Laws of Human Relations and the Rules of Human Action Derived Therefrom (1983) edited by Georgescu Roegen, a new approach to consumption theory emphasizes the fundamental role of time in individual economic behavior. The paper highlights the analytical and methodological differences between the standard treatment of time as ‘foregone earnings’ à la Becker and the role of time in the new approach, whose relevance can also be assessed in the light of the data to be collected in a time-use and consumption expenditure survey.http://journals.openedition.org/oeconomia/2708choiceconsumptiontime-use surveys
collection DOAJ
language English
format Article
sources DOAJ
author Sergio Nisticò
spellingShingle Sergio Nisticò
Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
Œconomia
choice
consumption
time-use surveys
author_facet Sergio Nisticò
author_sort Sergio Nisticò
title Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
title_short Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
title_full Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
title_fullStr Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
title_full_unstemmed Consumption Choices and Time Use: History, Theory and Potential Empirical Evidence
title_sort consumption choices and time use: history, theory and potential empirical evidence
publisher Association Œconomia
series Œconomia
issn 2113-5207
2269-8450
publishDate 2017-06-01
description Prompted by the English translation of H.H. Gossen’s The Laws of Human Relations and the Rules of Human Action Derived Therefrom (1983) edited by Georgescu Roegen, a new approach to consumption theory emphasizes the fundamental role of time in individual economic behavior. The paper highlights the analytical and methodological differences between the standard treatment of time as ‘foregone earnings’ à la Becker and the role of time in the new approach, whose relevance can also be assessed in the light of the data to be collected in a time-use and consumption expenditure survey.
topic choice
consumption
time-use surveys
url http://journals.openedition.org/oeconomia/2708
work_keys_str_mv AT sergionistico consumptionchoicesandtimeusehistorytheoryandpotentialempiricalevidence
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