Escaping Satiation

The collection of papers presented in this special issue arose out of two events. The first was the symposium "Escaping Satiation - Increasing Product Variety, Preference Change and the Demand Side of Economic Growth" which was held at the Max Planck Institute in Jena, Germany, in December 1997. The Fritz Thyssen Foundation provided financial support for this seminal symposium which is gratefully acknowledged. Wilhelm Ruprecht was of great help in preparing the symposium and I would like to express my gratitude to hirn on this occasion. Many stimulating exchanges with hirn over the past few years while he was a research associate at the Institute working on long term changes in consumption convinced me of the relevance and importance of this problem for understanding modem economic growth. I also owe thanks to many people who encouraged me to go ahead with the symposium, among them Stanley Metcalfe, Carl Christian von Weizsäcker, and also Ehud Zuscovitch, who died so unexpectedly last year.

Includes supplementary material: sn.pub/extras

Klappentext

The volume focuses on the demand side phenomena of the soaring economic growth of the past few centuries. Growth theory has basically ignored the massive changes that occur here: the huge increase in the variety of products and services and the growing specialization in consumption behavior. The papers in the present volume argue, in contrast, that precisely these changes are crucial for understanding why ever more goods and services can be sold and, thus, economic growth can continue. The papers explore the historical and empirical developments in consumption and offer first theoretical orientations on this important, though neglected, topic.

Inhalt
Consumption, demand, and economic growth an introduction.- I. Economic growth and the evolution of preferences.- Cognition, imagination and institutions in demand creation.- Learning to consume A theory of wants and the growth of demand.- Consumption, preferences, and the evolutionary agenda.- The demand for distinction and the evolution of the prestige car.- II. Qualitative change and the interactions between demand and supply.- Demand as a factor in the industrial revolution: A historical note.- Knowledge, consumption, and endogenous growth.- Variety, growth and demand.- The economic contribution of information technology: Towards comparative and user studies.- III. The satiation problem.- Satiation in an evolutionary model of structural economic dynamics.- Satiation in an international economy.- List of Contributors.