Demand, Complexity, and Long-Run Economic Evolution

Download or read book Demand, Complexity, and Long-Run Economic Evolution written by Andreas Chai and published by Springer. This book was released on 2019-05-11 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?