Premium
‘Any schmuck can consume’ 1
Author(s) -
Blundell John
Publication year - 2000
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00240
Subject(s) - balance (ability) , outcome (game theory) , economics , sovereignty , microeconomics , law , political science , psychology , politics , neuroscience
The notion of consumers' sovereignty is flawed. In a free market, the outcome is determined by the interaction of consumers and producers: one does not dominate the other. The balance of debate is skewed if it assumes that the consumer is always right.