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(2011) A social and economic theory of consumption, Basingstoke, Palgrave Macmillan.

Want, need and commodity

Kaj Ilmonen

pp. 45-72

Markets cannot exist without productive capital, which is needed, among other things, to organize human labour and non-human operating systems, technological circuits and logistics. These inputs result in an influx of commodities into the marketplace. In the absence of demand for these commodities, the system will suffocate. Its existence is dependent both on human needs and wants, on access to the economic means to purchase goods and on manufacturers' powers of persuasion. My focus in this chapter is on the role of needs and wants in the regulation of consumption demand.

Publication details

DOI: 10.1057/9780230295339_4

Full citation:

Ilmonen, K. (2011). Want, need and commodity, in A social and economic theory of consumption, Basingstoke, Palgrave Macmillan, pp. 45-72.

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