2003•Journal of Xin Yu CollegeRequires access
Comment on the main schools of the modern consumption theories -On the influence factors of the residents' consumption behaviors in our country
Nie Hong-long
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Abstract
The paper introduces the viewpoints of the main schools of the modern consumption theories and points out their defects in explaining consumption behaviors, showing that precautionary saving theory and liquidity constraint can account for the decrease of the residents' consumption in our country.