Escaping Satiation The Demand Side of Economic Growth

The collection of papers presented in this special issue arose out of two events. The first was the symposium "Escaping Satiation - Increasing Product Variety, Preference Change and the Demand Side of Economic Growth" which was held at the Max Planck Inst

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Springer-Verlag Berlin Heidelberg GmbH

Ulrich Witt Editor

Escaping Satiation The Demand Side of Economic Growth With 17 Figures and 4 Tables

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Springer

Prof. Dr, Ulrich Witt Max Planck Institute for Research into Economic Systems Evolutionary Economics Unit Kahlaisehe Str. 10 07745 Jena Germany

Library of Congress Cataloging-in-Publicat ion Data applied for Die Deutsche Bibliothek - CIP-Einheitsaufnahme Escaping Satiation: The Demand Side of Economic Growth; with 4 Tables 1 U1rich Witt ed. - Berlin; Heidelberg; New York; Barcelona; Hong Kong; London: Milan; Paris; Singapore; Tokyo: Springer. 200 1 ISBN 978-3-662-04528-2 (eBook) ISBN 978-3·642-07563-6 DOll 0.1007/978-3-662-04528-2 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of Illustrations, recitation, broadcasting, reproduction on microfilm or in any other way. and storage in data banks, Duplication of this publication or parts thereof is per· mitted only under the provisions of the German Copyright Law of September 9. 1965. in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are Iiable for prosecution under the German Copyright Law. © Springer. Verlag Berlin Heidelberg 2001 Orig inally published by Springer-Verlag Berlin Heidelberg New York in 2001 Softcover reprint of the hardcover Ist edition 200 I The use of general descriptive names, registered names, tradernarks, etc. in this pub lication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: Erich Kirchner, Heidelberg SPIN 10837881

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Preface

The collection of papers presented in this special issue arose out of two events. The first was the symposium "Escaping Satiation - Increasing Product Variety, Preference Change and the Demand Side of Economic Growth" which was held at the Max Planck Institute in Jena, Germany, in December 1997. The Fritz Thyssen Foundation provided financial support for this seminal symposium which is gratefully acknowledged. Wilhelm Ruprecht was of great help in preparing the symposium and I would like to express my gratitude to hirn on this occasion. Many stimulating exchanges with hirn over the past few years while he was a research associate at the Institute working on long term changes in consumption convinced me of the relevance and importance of this problem for understanding modem economic growth. I also owe thanks to many people who encouraged me to go ahead with the symposium, among them Stanley Metcalfe, Carl Christian von Weizsäcker, and also Ehud Zuscovitch, who died so unexpectedly last year. The second event from which this volume benefitted was a session on "Economic Growth - What Happens on the Demand Side" which I organized at the American Economic Association Meeting in New York in January 1999. Her