Question
1: Explain the Easterlin Paradox. 2: Does the Easterlin paradox suggest people care about absolute or relative consumption? 3: Does the Easterlin paradox cause problems
1: Explain the Easterlin Paradox.
2: Does the Easterlin paradox suggest people care about absolute or relative consumption?
3: Does the Easterlin paradox cause problems for neoclassical/textbook model of consumer demand? Why?
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
