Posts Tagged ‘Stanley Lebergott’

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    Do You Approve of Profits?

    Dec 18, 10 • 180 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Economic Thinkers, InnovationNo Comments

    Two Questions: 1.How do you feel about profit? In their paper, “Is Profit Evil? Associations of Profit With Social Harm,” 3 University of Pennsylvania researchers discuss two studies that display people’s negative response to profit seeking

  • Consumer spending

    Jun 21, 10 • 179 Views • Households, Innovation, Macroeconomic MeasurementNo Comments

    In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable diapers, electricity, television, and “every

  • The Washing Machine Empowered Women.

    The GDP and Happiness

    Jun 9, 10 • 134 Views • Behavioral Economics, Economic History, Gender Issues, Households, InnovationNo Comments

    Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some