Rationality of Transitional Consumers: A Post Keynesian View

Lah, Marko; Sušjan, Andrej

doi:10.1080/01603477.1999.11490216

Cited by 10 publications

(2 citation statements)

References 9 publications

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“…Other specific contributions to Post Keynesian consumer choice can be found in the works of Arrous (1978), Eichner (1987, Chapter 9), Drakopoulos (1990Drakopoulos ( , 1992aDrakopoulos ( , 1994, Lavoie (1992, Chapter 2), Hanmer and Akram-Lodhi (1998), Lah and Su sjan (1999, and Gualerzi (2001), and a substantial amount of overlap with Earl's initial attempt at defining a specific Post Keynesian consumer choice vision is obvious. However, I consider that the first article that ought to be read to get a sense of what a Post Keynesian consumer theory implies is the one written by Roy (1943) -an author unrelated to heterodox economics, although he was teaching in the same school as Maurice Allais.…”

Section: The Coherence Of Views On Post Keynesian Consumer Choice Theorymentioning

confidence: 95%

Post Keynesian consumer theory: Potential synergies with consumer research and economic psychology

Lavoie

2004

Journal of Economic Psychology

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Section: The Coherence Of Views On Post Keynesian Consumer Choice Theorymentioning

confidence: 95%

Post Keynesian consumer theory: Potential synergies with consumer research and economic psychology

Lavoie

2004

Journal of Economic Psychology

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“…Following the above classification of masstige consumers, we can sketch their decision-making rules using the post-Keynesian theory of choice based on lexicographic ordering, as presented in Lavoie (2014: 105–22) and Lavoie (1992a: 67–72; see also Lah and Sušjan 1999). The theory is built on seven principles: subordination of needs, procedural rationality, separability of needs, satiable needs, growth of needs, nonindependence, and heredity (Lavoie 2009: 27; cf.…”

Section: Masstige From the Perspective Of Heterodox Economicsmentioning

confidence: 99%

A Heterodox Approach to Masstige: Brand Fetishism, Corporate Pricing, and Rules of Consumer Choice

Lah,

Sušjan

2023

Review of Radical Political Economics

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Masstige, or luxury for the masses, is a phenomenon that requires a heterodox economic approach based on Original Institutional Economics view of corporate power combined with Marxian concept of brand fetishism and post-Keynesian theories of pricing and consumer choice. The attitude toward luxury in classical works on political economy is briefly outlined. By applying the post-Keynesian theory of oligopolistic pricing, we show how the power of luxury brands enables high profits of luxury conglomerates. We use the post-Keynesian theory of consumer choice to differentiate between various types of masstige buyers. JEL Classification: B52, D11, D21, D43

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The transformation of post‐communist societies in Central and Eastern Europe and the Former Soviet Union: an economic and ecological sustainability perspective

Scrieciu

Stringer

2008

Eur. Env.

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Since the collapse of Communism in Central and Eastern Europe and the Former Soviet Union, the reform process has been considerably infl uenced by the neoclassical economic approach to transition. This has heavily emphasized competitive markets and economic liberalization measures per se, often ignoring the establishment of adequate institutional frameworks and resulting in high transition costs and the sidelining of environmental concerns. Alternative models of market transformations in post-Communist societies have been forwarded in the literature, though these have been arguably less infl uential. We explore the role of these economic ideologies in shaping transition paths, with a focus on the Post-Keynesian economic approach as an alternative to the neoclassical paradigm. We further propose a holistic approach to transition to account for appropriate institutional developments in the area of environmental sustainability. We argue that transition economies need to reconsider their 'market transformation' process in order to capitalize on their potential and mark their own contribution to positive shifts in sustainable development paradigms.

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Rationality of Transitional Consumers: A Post Keynesian View

Cited by 10 publications

References 9 publications

Post Keynesian consumer theory: Potential synergies with consumer research and economic psychology

Post Keynesian consumer theory: Potential synergies with consumer research and economic psychology

A Heterodox Approach to Masstige: Brand Fetishism, Corporate Pricing, and Rules of Consumer Choice

The transformation of post‐communist societies in Central and Eastern Europe and the Former Soviet Union: an economic and ecological sustainability perspective

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