Consumption Takes Time

"Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This simple fact is almost invisible in standard theory, and takes the centre stage in this book. Whether one is 'money-rich or time-poor' or is 'money-poor and killing time', both money and time considerations matter." "Economists, advanced students and professionals with an interest in consumer behaviour and welfare topics will enjoy reading this stimulating and original work."--Jacket.