5. The text discusses consumer sovereignty and suggests that it guides the market choices. a. Is consumer

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5. The text discusses consumer sovereignty and suggests that it guides the market choices.

a. Is consumer sovereignty a myth or reality in today’s consumer culture?

b. Do consumers “direct” the economy as suggested by the text, or has invention become the mother of necessity, as Thorstein Veblen once quipped?

c. If the consumer is not sovereign, then who is and what does that imply for economics?

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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