An analysis of the fundamental determinants of consumer spending on postponable, high-durability goods, such as autos and household equipment, with a discussion of how these determinants apply during 1983-84.

<DIV>As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we...</div>