their consumption choices. This underlies differences in consumers’ rational inattention to price changes across different …

and Steven Marglin in the early 1990s, by incorporating relative consumption concerns. Specifically, it integrates the … Veblenian concept of conspicuous consumption into a typical Bhaduri-Marglin model by assuming that relative consumption concerns … in workers' income is distributed unevenly, efforts to "keep up with the Joneses" may increase consumption and, hence …

events within a Minsky-Veblen Cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by … equality leads to a corresponding increase in debt-financed consumption demand. Here Minskyian dynamics come into play …-financed consumption boom. As the solvency of households decreases and interest rates move up, banks reduce lending, triggering household …

Consumption theory has always been a neglected field in Post Keynesian economics, whereas it is at the center of New … questions, still remain. Building on insights from Economic Sociology and Behavioral Economics, the importance for consumption …

textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate the … possibility of grounding a Keynesian-type aggregate consumption function on the basis of (some of) the principles underlying …

-depressing effects of raising inequality via debt and wealth-based consumption. Likewise, it is argued that decreasing personal income …

. In order to increase investment sufficiently to achieve net zero goals, constraints on consumption may be required. Such …