consumer sovereignty

Either way, economists will applaud the triumph of consumer sovereignty.

The belief in consumer sovereignty within the corporate/market system.

Competition is seen as a state which produces gains for the whole economy, through promoting consumer sovereignty.

If, however, those tastes have been generated by companies in the first place then the idea of consumer sovereignty is overthrown.

In his 1936 book "Economists and the Public" he coined the now famous concept "consumer sovereignty".

He developed the idea of consumer sovereignty, but insisted that the analysis of demand should be based on historical and comparative institutional work.

In economics, Consumer sovereignty is the assertion that consumer preferences determine the production of goods and services.

To borrow the economic analogy, competition is meaningless, or at any rate cannot create consumer sovereignty, unless there is some product differentiation.

In exercising their freedom of choice, unaffiliated voters apply to politics the same kind of consumer sovereignty that guarantees an efficient economy.

And teen-agers hardly fit the model of the rational people whose "consumer sovereignty" economic theorists so vigorously defend.

These examples suggest that de-centralisation in itself will not substitute for the market's rewards and penalties, or for genuine consumer sovereignty.

On the demand side, consumer sovereignty is not possible since the consumers are not as well-informed about their conditions and treatments as the supplier.

On the other hand, some economists believe that consumer sovereignty would be realized in a free market economy without interference from government or other non-market institutions.

His point-in his own words-was that "a commitment to consumer sovereignty may well compromise political sovereignty."

The makers of the Blackspot explain their mission as being "to establish a worldwide consumer cooperative and to reassert consumer sovereignty over capitalism."

In this case, the implementation of consumer sovereignty is the motivation, rather than rejection of consumer sovereignty.

Along with internationalism, these values were to have a steadily devaluing currency in a postwar Britain inclined more and more towards individualism and consumer sovereignty.

Joel Waldfogel - Does Consumer Irrationality Trump Consumer Sovereignty?

J. P. Gunning - "Consumer Sovereignty: the Key to Mises's Economics"

The mistake of the Internet evangelists, he maintains, is a confusion of consumer sovereignty, the idea behind free markets, and political sovereignty, the idea behind free nations.

The idea of a national public service paid for by the community is under attack from those who favour the concept of 'consumer sovereignty' and subscription ('pay-per-view') television.

The first chapter of Sunstein's book was posted on Freerepublic.com- a website that is wildly popular on the basis of the now-discredited "consumer sovereignty" principle.

Persky, Joseph, "Retrospectives: Consumer Sovereignty," Journal of Economic Perspectives, 7 (1993), 183-191.

Rather than address the sociological claims, Mr. Lebergott flies to the doctrine of consumer sovereignty: "Who creates this 'consumer-driven culture' but 270 million Americans?"

On the one hand, the self-advocacy impetus has grown with the increasing emphasis on consumer sovereignty and an awareness of the potential power and influence of self-help pressure groups.