Limitations of modern microeconomic theory of consumer choice: Sociological perspective

Neoclassical theory of consumer choice needs to be reformed. Assumption that consumer choice is not influenced by the choice of others is in collision with reality. New and better theory of consumer choice is unimaginable without incorporation of intersubjective factors into the model of derivation...

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Bibliographic Details
Main Author: Radonjić Ognjen
Format: Article
Language:English
Published: Sociological Scientific Society of Serbia 2008-01-01
Series:Sociologija
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0038-0318/2008/0038-03180803313R.pdf