What is it about?
This book focuses on the development of theories and concepts relevant to important consumer economic issues that are relevant to consumer economic wellbeing. Many important consumer issues are described with theoretical explanations and research findings. An interdisciplinary approach is used to select material to be included in the book. Concepts and theories are drawn not only from the field of consumer economics but also in any relevant fields, such as economics, marketing, finance, psychology, sociology, and political science. Book materials are heavily drawn from the literature of behavioral economics and finance, an emerging field that integrates advances of psychology and economics to address critical consumer economic issues. The book has three parts. Part I discusses the concept of consumer economic wellbeing (Chap. 1 ) and two important concepts relevant to consumer economic wellbeing, which are consumer rights (Chap. 2 ) and consumer financial capability (Chap. 3 ). Part II includes four chapters discussing consumer economic environments, such as government (Chap. 4 ), business (Chap. 5 ), media (Chap. 6 ), and Internet (Chap. 7 ). In these chapters, the research literature on how government and business organizations behave that affect consumer economic wellbeing is examined. Part III includes four components of consumer economic wellbeing: consumer income (Chap. 8 ), spending (Chap. 9 ), borrowing (Chap. 10 ), and saving (Chap. 11 ). In these chapters, relevant research theories and findings on the title topics are described and summarized.
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Why is it important?
In this book, consumer refers to individual and family. Unlike most economics books that examine consumer behavior for public policy making purposes or most business books that explore consumer behavior for the profit making purposes, this book attempts to understand consumer behavior from the consumer interest perspective to help enhance consumer economic wellbeing and improve quality of life.
Perspectives
During my over 20-year career, I worked with dozens of colleagues and many of our collaborated products are reflected in this book. Without working with them, I would have not accomplished what I have now. They are Mohamed Abdel-Ghany, Sunyoung Ahn, M. J. Alhabeeb, Joan Gray Anderson, Dottie Bagwell, William Bailey, Bonnie Barber, Robert Bassett, Linda Block, Patricia Brennan, Barbara Bristow, Bruce Brunson, Noel Card, Swarne Chatterjee, Cheng Chen, Fuzhong Chen, Dongyao Cheng, Bie-shuein Chu, Michael Collins, June Cotte, Stuart Cohen, Brenda Cude, Sharon DeVaney, Jeffery Dew, Nik Dholakia, Ruby Dholakia, Jessie X. Fan, Matthew Ford, Alyssa Francis, Tom Garman, Ronald Gibbs, John Grable, Lin Guo, Sherman Hanna, Celia Hayhoe, George Haynes, Misako Higa, Tahira Hira, Arlene Holyoak, Gong-soog Hong, Kenneth Huggins, Janet Johnson, Punam Keller, Claudia Kerbel, Jinhee Kim, Larry Kirsch, Masayuki Kometani, Weida Kuang, Christine Lai, Fran Lawrence, Irene Leech, Berta Leon, Chunming Li, Haifeng Li, Tao Li, Li Liao, Suzanne Lindamood, Jean Lown, Angela Lyons, Lakshmi Malroutu, Robert Mayer, Jane Meiners, Xiangyi Meng, Carole Miller, Norbert Mundorf, Barbara Newman, Fran Noring, Barbara O’Neill, Geraldine Olson, Lance Palmer, Linda Price, Janice Prochaska, Lee Richardson, Barbara Robles, Jane Schuchardt, Joyce Serido, Deanna Sharpe, Soyeon Shim, Shunfeng Song, Benoit Sorhaindo, Feng Sun, Jing Sun, Lei Sun, Yunxiao Sun, Chuanyi Tang, Shayna Thums, Hilary Tso, Yongshi Tu, Radovan Vadovic, Houfen Wuan, Jeff Wang, Richard Widdows, Jiayun Wu, Jieying Xi, Yinzhou Xu, Xuejun Yan, Rui Yao, Zhihong Yi, Qingfei Yin, Shijie Yin, Bing Ying, Yoonkyung Yuh, Jinbao Zhang, Yixiao Zhang, Lucy Zhong, Pengrong Zhong, and Yi Zhou. I would like to thank the following scholars, who are my long-term colleagues and mentors, for carefully reviewing the chapters and providing many helpful suggestions. They are Tom Cai, Richard Caputo, Jessie Fan, John Grable, Sherman Hanna, Robert Mayer, Barbara O’Neill, Marla Royne Stafford, Jeffrey Sovern, Richard Widdows, and Rui Yao.
Dr. Jing Jian Xiao
University of Rhode Island
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This page is a summary of: Consumer Economic Wellbeing, January 2015, Springer Science + Business Media,
DOI: 10.1007/978-1-4939-2821-7.
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