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How Should We Measure Consumer Confidence?

[Symposium: Consumer Confidence]

By Jeff Dominitz and Charles F. Manski

Journal of Economic Perspectives, Spring 2004

Research on consumer confidence has mainly sought to evaluate the power of available data to predict economic outcomes. In contrast, this article considers how best to measure consumer confidence. We analyze the responses to eight questions that have appe...

Are We Consuming Too Much?

By Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Geoffrey Heal, Simon Levin, Karl-Göran Mäler, Stephen Schneider, David Starrett, and Brian Walker

Journal of Economic Perspectives, Summer 2004

This paper articulates and applies frameworks for examining whether consumption is excessive. We consider two criteria for the possible excessiveness (or insufficiency) of current consumption. One is an intertemporal utility-maximization criterion: actual...