Consumer Theory brings together in one volume the most significant contributions to the subject by leading scholars. Ranging over the period from 1915 to the present, the articles explore the foundations of neoclassical theory and discuss preference and the structure of preferences. The book investigates extensions and modifications to the basic neoclassical theory, including consumption as production, intertemporal choice and the problems of uncertainty and risk. This authoritative anthology gives a comprehensive overview and will be an essential reference source for consumer theory.
Edited by the late Kelvin J. Lancaster, formerly John Bates Clark Professor of Economics, Columbia University, US
Contents: Introduction Part I: Foundations of Neo-Classical Theory Part II: Revealed Preference Part III: Preference, Utility and Rationality Part IV: Aggregate Demand Part V: The Structure of Preferences Part VI: Consumption as Production Part VII: Intertemporal Choice Part VIII: Durable Goods Part IX: Uncertainty Part X: Special Cases Index