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Theories of Consumption notes

John Storey - ISBN: 9781317194408

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Absolute Income Hypothesis - Keynes Secular Stagnation Hypothesis Kuznets Findings The Relative Income Hypothesis- Duesenberry Demonstration Effect Ratchet Effect The Permanent Income Hypothesis (PIH) - Milton Friedman Relationship between Consumption and Permanent Income The Life Cycle Hypothesis

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Absolute Income Hypothesis - Keynes Secular Stagnation Hypothesis Kuznets Findings The Relative Income Hypothesis- Duesenberry Demonstration Effect Ratchet Effect The Permanent Income Hypothesis (PIH) - Milton Friedman Relationship between Consumption and Permanent Income The Life Cycle Hypothesis

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