Some Considerations on the Productive Capacity of Consumption Expenditures
This paper deals with the relation between the level and the structure of consumption and their influence on the labour productivity of the consumer. Assuming such a relationship, an optimal savings ratio will exist, below which savings are to be preferred over consumption and above which a consumption increase will contribute more to a rise in income than to higher savings. Empirical evidence is presented in so far as it was available to the authors.
KeywordsCapital Stock Consumption Expenditure Calorie Consumption Human Asset United Nations Food
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