Download or read book Modern Consumer Theory written by Kelvin Lancaster and published by Edward Elgar Publishing. This book was released on 1991 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Lancaster has made a major contribution to consumer theory. His work on the consumer's decision-making process has been particularly influential. This coherent thematic selection of his most important recent essays, some of which are published here for the first time, reflect the major features of Professor Lancaster's work. The essays form a unified collection on consumer choice and product variety and will be essential reading for any economist with an interest in the most recent developments in modern microeconomics.