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Economics and Consumer Behavior

Economics and Consumer Behavior


  • Date Published: June 1980
  • availability: Available
  • format: Paperback
  • isbn: 9780521296762
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About the Authors
  • This classic text has introduced generations of students to the economic theory of consumer behaviour. Written by 2015 Nobel Laureate Angus Deaton and John Muellbauer, the book begins with a self-contained presentation of the basic theory and its use in applied econometrics. These early chapters also include elementary extensions of the theory to labour supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behaviour to include the quality of goods and household production theory, labour supply and human capital theory, the consumption function and intertemporal choice, the demand for durable goods, and choice under uncertainty.

    Customer reviews

    22nd Jul 2015 by Revilo

    This book is very important to every college student like us, this makes my day complete in economics

    Review was not posted due to profanity


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    Product details

    • Date Published: June 1980
    • format: Paperback
    • isbn: 9780521296762
    • length: 466 pages
    • dimensions: 227 x 152 x 22 mm
    • weight: 0.63kg
    • availability: Available
  • Table of Contents

    List of tables and figures
    Part I. Consumer Demand Analysis:
    1. The limits to choice
    2. Preferences and demand
    3. The theory at work
    4. Extensions to the basic model
    Part II. Separability and Aggregation:
    5. Restrictions on preferences
    6. The theory of market demand
    Part III. Welfare and Consumer Behaviour:
    7. Consumer index numbers
    8. Household characteristics, demand, and household welfare comparisons
    9. Social welfare and inequality
    Part IV. Extensions and Applications:
    10. The quality of goods and household production theory
    11. Labor supply
    12. The consumption function and intertemporal choice
    13. The demand for durable goods
    14. Choice under uncertainty
    List of notation
    Name index
    Subject index.

  • Authors

    Angus Deaton
    Angus Deaton is Dwight D. Eisenhower Professor of Economics and International Affairs in the Department of Economics and the Woodrow Wilson School of Public and International Affairs at Princeton University. He is the author of many books, including The Great Escape: Health, Wealth, and the Origins of Inequality (2013). In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences in recognition of his outstanding contribution to the analysis of consumption, poverty and welfare.

    John Muellbauer
    John Muellbauer is Senior Research Fellow of Nuffield College, Professor of Economics and Senior Fellow of the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford. He is a CEPR Research Fellow and a Fellow of the British Academy, the Econometric Society and the European Economic Association. In addition to his many academic affiliations, he has also been a consultant to the Bank of England, HM Treasury and the UK Department for Communities and Local Government (DCLG).

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