Quantitative, empiricohistorical “laws” are worthless in economics, since they may only be coincidences of complex facts, and not isolable, repeat-able laws which will hold true in the future. The ...

Nigerians love clichés, and for the past few months, ‘consumption to production’ has been renting the wave with everyone trying to outdo each other in the use of the cliché.

The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at Harvard University's Kennedy School of Government, The Review has ...

This paper demonstrates the concavity of the consumption function of infinitely living households under liquidity constraints who are not prudent—i.e. with a quadratic utility. The concavity of the ...

Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age structure effects are rarely controlled for in empirical consumption functions.

Ofwona, A.C. (2013) An Estimation of the Consumption Function for Kenya Using Keynes’ Absolute Income Hypothesis for the Period 1992-2011. Journal of Emerging Trends in Economics and Management ...