It was the indispensable producer of many of the final consumption commodities that we … associate with the finest achievements of modern society.? A reviewer of Gerald D. I think it was meant as a compliment, despite the obvious thought that Reichsbank paper by was almost completely worthless. The sheer amount of hard work that went into every aspect of these chapters is hard to convey. Surveying the rise of consumer items through the prism of probate inventories shows the author confidently mastering the abundant historical literature in four or five languages.
While this phrase is beloved by reviewers, this one put his pen where his praise was? The book will be an invaluable reference for anyone working in early modern economic history. I also expect to see it used as a textbook in advanced undergraduate classes. If there is a fly in the ointment? The households making decisions in De Vries?
The Industrious Revolution: Consumer Behavior and the Household Economy, 1650 to the Present
They have preferences, income, and a range of choices, and then make decisions without too many further complications. De Vries, by allowing for a bit of endogenous preference formation, is departing to some extent from the more rigid basics of household decision-making models.
Yet there is no struggle here of? This is not quite how some early modern observers saw in particular lower class consumers.
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He argued that choosing the quick kick of sugar and tea over more substantial fare was welfare-reducing. From his point of view, the incomes of the poor were not the issue; it was their consumption patterns. Of course, rigorous economic analysis is on shaky ground already when we allow for changing tastes Becker and Stigler ; perhaps, a more detailed analysis of consumers in their full, often self-contradictory glory would have made this a truly impossible book.
The profession will be grateful for the one it got. Explorations in Economic History 38 4: Gary Becker and George Stigler, ,? De Gustibus Non Est Disputandum,?
The Industrious Revolution: Consumer Behavior and the Household Economy, to the Present
American Economic Review 67 2: Feldman, , The Great Disorder: Jonathan Hersh and Hans-Joachim Voth, ,? Sendhil Mullainathan and Richard H. Bianchi, editor, The Active Consumer. Novelty and Surprise in Consumer Choice , London: His latest publications include? Interest Rate Restrictions in a Natural Experiment: In the long eighteenth century, new consumer aspirations combined with a new industrious behavior to fundamentally alter the material cultures of northwest Europe and North America.
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This 'industrious revolution' is the context in which the economic acceleration associated with the Industrial Revolution took shape. This study explores the intellectual understanding of the new importance of consumer goods as well as the actual consumer behavior of households of all income levels.
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De Vries examines how the activation and evolution of consumer demand shaped the course of economic development, situating consumer behavior in the context of the household economy. He considers the changing consumption goals of households from the seventeenth century to the present and analyzes how household decisions have mediated between macro-level economic growth and actual human betterment.
Ultimately, de Vries' research reveals the strengths and weaknesses of existing consumer theory, suggesting revisions that add historical realism to economic abstractions. The transformation of consumer desire in the long eighteenth century 2. The origins of the Industrious Revolution 3. The breadwinner-homemaker household 6. A second Industrious Revolution?
He has written 5 books, 65 published articles and book chapters, and 45 book reviews. In addition, he is co-editor of 3 books. He is the recipient of the A.
Heineken Prize in History. This title is available for institutional purchase via Cambridge Core Cambridge Core offers access to academic eBooks from our world-renowned publishing programme. The Journal of Economic History is devoted to the multidisciplinary study of history and economics, and is of interest…. Established in , Financial History Review has earned a solid international reputation as an academic journal…. The pioneering journal in its field, Business History Review, began publication in as the Bulletin of the Business….
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In the long eighteenth century, new consumer aspirations combined with a new industrious behavior to fundamentally alter the material cultures of northwest Europe and North America.