“Consumption is the sole end and purpose of all production,” Adam Smith confidently announced in The Wealth of Nations in 1776. Smith’s quote is famous, but in reality this was one of the few times he ...

My distant relative was on his deathbed. He was in pain, gasping for air, trying to breathe. The noise of his attempts echoed in the quiet room. The last three months of his life, he had been dealing ...

Cambridge Journal of Economics, Vol. 39, No. 1 (January 2015), pp. 93-112 (20 pages) The outbreak of the financial crisis in 2008 witnessed a significant contraction in US consumption spending, as ...

In an observational analysis of UK Biobank participants, light to moderate drinkers had the lowest heart disease risk, followed by people who abstained from drinking; however, light to moderate ...