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Can Changing Consumer Tastes Save Resources?

  • Tibor Scitovsky
Part of the International Economic Association Series book series (IEA)

Abstract

In the past, economic progress has mostly taken the form of a rise in labour productivity based on the substitution of mechanical for muscular energy and of material for human resources. The automatic forces of the market reinforced and speeded up that trend by raising the prices and so discouraging the consumption of all those sources of satisfaction that depend solely or mainly on human interaction. An example of these is the performing arts, whose prices rose and use declined with the rise in wages, except where public policies and subsidies slowed or arrested the process.

Keywords

Conspicuous Consumption Exhaustible Resource Production Skill Concert Hall Detective Story 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1979

Authors and Affiliations

  • Tibor Scitovsky
    • 1
  1. 1.London School of EconomicsUK

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