Talk:Consumption (economics)

other consumption

The other consumption talks about it economically, so the distinction fails.

Both consumption and spending need a lot of work. Merging them would be a start JQ 12:24, 6 September 2006 (UTC)

Reference list

I looked up the books on the reference list. Some info I found doesn't agree with the references as listed, so I've put the references with a question mark on the list. If you know which sources were used, could you fix the list, please? --Foggy Morning (talk) 02:48, 8 March 2008 (UTC)

macro vs micro and merging

Until this edit, this article had a largely macro orientation. Maybe it should be re-labeled to indicate that it's macro-specific, and anything which is micro be moved to consumer theory and/or demand (economics). CRETOG8(t/c) 11:38, 22 August 2008 (UTC)

Weird first line.

I'd rewrite this if I could figure out what it was trying to get across: "Consumption refers to consume the want satisfying capability of a commodity or consumption means the consumption of utility." But I just have no clue. Maybe someone else can figure it out? 74.132.249.206 (talk) 05:17, 7 August 2011 (UTC)

Proposed Major Rewrite

The articles on consumption on wikipedia are quite badly organised, propose that we use this page as a main page and link out to the different theories and consumption function pages. Please comment Benuel (talk) 16:34, 19 December 2011 (UTC)

Just to put on record, that spending has been redirected to this page. Benuel (talk) 16:34, 19 December 2011 (UTC)

Dr. Mabiso's comment on this article

Dr. Mabiso has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

The article would benefit from discussing consumption in terms of macroeconomics (aggregate consumption) and at the microeconomic level. It could also benefit from discussing separability and non-separability of consumption and production decisions, particularly in the context of developing countries that are often agrarian in nature. The discussion could also feature research on the composition of consumption and the budge shares allocated to different components depending on the type of consumer(s) and economy(ies) at hand.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Mabiso has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Mabiso, Athur & Weatherspoon, Dave D., 2011. "The Impact of Biofuels Crop and Land Rental Markets on Farm Household Incomes: Evidence from South Africa," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103962, Agricultural and Applied Economics Association.

ExpertIdeasBot (talk) 15:49, 19 May 2016 (UTC)

Dr. Andre's comment on this article

Dr. Andre has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

- The description of consumption according to "mainstream economics" is not very accurate (refer to System of National Accounts).

- More would be needed on imitation effects (even though Bourdieu is mentioned)

- More is needed on the impact of consumption on the macro-economy, e.g. share of output, role in business cycles, wealth effects, credit constraints.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Andre has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Christophe Andre & Rangan Gupta & Patrick T. Kanda, 2012. "Do House Prices Impact Consumption and Interest Rate?: Evidence from OECD Countries Using an Agnostic Identification Procedure," OECD Economics Department Working Papers 947, OECD Publishing.

ExpertIdeasBot (talk) 18:34, 26 July 2016 (UTC)

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Memo of deleted section (for eventual recovery, if deemed justifiable):

Effects of consumption

Aggregate consumption is a component of aggregate demand. According to the UN, "today’s consumption is undermining the environmental resource base. It is exacerbating inequalities. And the dynamics of the consumption-poverty-inequality-environment nexus are accelerating. If the trends continue without change — not redistributing from high-income to low-income consumers, not shifting from polluting to cleaner goods and production technologies, not shifting priority from consumption for conspicuous display to meeting basic needs — today’s problems of consumption and human development will worsen." Developing countries like India, as they move down the path of copying the consumption patterns of developed economies, will basically create demands that earth will not be able to fulfill. Some economists talk about putting a price on using earth's resources which is in addition to the cost of just extracting them.

References