Artikel

Uncertainty, social norms and consumption theory: Post and New Keynesian approaches

Consumption theory has always been a neglected field in post-Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream models indeed give results that are fairly similar to traditional Keynesian ideas, even if differences – especially concerning methodological questions – still remain. Building on insights from Economic Sociology and Behavioral Economics, the importance for consumption theory of an adequate treatment of risk and uncertainty on the one hand, and the role of social norms on the other hand are emphasized.

Sprache
Englisch

Erschienen in
Journal: Intervention. European Journal of Economics and Economic Policies ; ISSN: 2195-3376 ; Volume: 07 ; Year: 2010 ; Issue: 1 ; Pages: 125-146

Klassifikation
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Consumer Economics: Theory
Thema
uncertainty
social norms
consumption theory
post-Keynesianism
New Keynesianism

Ereignis
Geistige Schöpfung
(wer)
Menz, Jan-Oliver
Ereignis
Veröffentlichung
(wer)
Metropolis-Verlag
(wo)
Marburg
(wann)
2010

DOI
doi:10.4337/ejeep.2010.01.11
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Menz, Jan-Oliver
  • Metropolis-Verlag

Entstanden

  • 2010

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