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Consumerism


 

Consumerism is a term used to describe the effects of equating personal happiness with purchasing material possessions and consumption. It is often associated with criticisms of consumption starting with Karl Marx and Thorstein Veblen. Consumerism is also used to describe the social effects of demand side economic policies associated with Keynesian economics.

Related Topics:
Consumption - Karl Marx - Thorstein Veblen - Keynesian economics

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