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Consumption and the Consumer Society

Global Development And Environment InstituteTufts UniversityMedford, MA 02155 GDAE Teaching Module on Social and Environmental Issues in Economics By Brian Roach, Neva Goodwin, and Julie NelsonConsumption and the Consumer Society This reading is based on portions of Chapter 8 from: Microeconomics in Context, Fourth Edition. Copyright Routledge, 2019. Copyright 2019 Global Development And Environment Institute, Tufts University. Reproduced by permission. Copyright release is hereby granted for instructors to copy this module for instructional purposes. Students may also download the reading directly from Comments and feedback from course use are welcomed: Comments and feedback from course use are welcomed: Global Development And Environment Institute Tufts University Somerville, MA 02144 E-mail: NOTE terms denoted in bold face are defined in the KEY TERMS AND CONCEPTS section at the end of the module.

An economy that made people moderately happy as consumers but absolutely miserable as workers, citizens, or community members could hardly be considered a rousing success. We evaluate the relationship between consumption and well-being further toward the end of this module. But first we turn to the formal neoclassical theory on consumption.

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