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Describe how neoclassical and institutional economists approach the study of consumption. How do these approaches differ?...

  1. Describe how neoclassical and institutional economists approach the study of consumption. How do these approaches differ? What do you think are the advantages of each approach?
  2. As your textbook notes, economists inevitably approach their studies with certain assumptions about, among other things, human nature. What kinds of assumptions about who we (humans) are and what we fundamentally desire have you seen so far in this course? Do you agree with these assumptions or disagree, and why?

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Rahul Sunny answered 2 years ago
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