Consumption Takes Time

By Ian Steedman,

Book cover of Consumption Takes Time: Implications for Economic Theory

Book description

Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This simple fact is almost invisible in standard theory, and takes the…

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Why read it?

1 author picked Consumption Takes Time as one of their favorite books. Why do they recommend it?

This looks like it’s the sternest and most boring book ever, but I love Steedman’s cool-and-collected ability to address the implications of the obvious: You can only do one thing at a time. You only have two hands. And when you’re with one set of belongings, you’re neglecting all the other stuff you own.

From Monica's list on why humans have so much stuff.

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