Demand, Complexity, And Long-run Economic Evolution

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    Demand, Complexity, and Long-Run Economic Evolution
    By: Andreas Chai
    Publisher:
    Springer
    Print ISBN: 9783030024222, 3030024229
    eText ISBN: 9783030024239, 3030024237
    Copyright year: 2019
    Format: EPUB
    Available from $ 129.00 USD
    SKU 9783030024239
    The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?
     

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