Arbeitspapier
Uncertainty, Social Norms and Consumption Theory: Post and New Keynesian Approaches
Consumption theory has always been a neglected eld 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, 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 is emphasized.
- Language
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Englisch
- Bibliographic citation
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Series: DEP (Socioeconomics) Discussion Papers - Macroeconomics and Finance Series ; No. 1/2009
- Classification
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Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Consumer Economics: Theory
- Subject
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Uncertainty
Social Norms
Consumption Theory
Post Keynesianism
New Keynesianism
- Event
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Geistige Schöpfung
- (who)
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Menz, Jan-Oliver
- Event
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Veröffentlichung
- (who)
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Hamburg University, Department Economics and Politics
- (where)
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Hamburg
- (when)
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2009
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Menz, Jan-Oliver
- Hamburg University, Department Economics and Politics
Time of origin
- 2009
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