The Limits of Choice

The Limits of Choice
Author :
Publisher : Campus Verlag
Total Pages : 329
Release :
ISBN-10 : 9783593399164
ISBN-13 : 3593399164
Rating : 4/5 (164 Downloads)

Book Synopsis The Limits of Choice by : Sahra Wagenknecht

Download or read book The Limits of Choice written by Sahra Wagenknecht and published by Campus Verlag. This book was released on 2013-10-02 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb, according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.


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