According to van hayek, what is the basic “non-sequitur” found in galbraith’s analysis of different causes of various needs and desires found in consumers today?

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asked May 13, 2018 190k views

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Cato Cato · Answer 1 · 2018-05-17T10:38:10+0000

According to Van Hayek, Galbraith's claims that people do not want other things beside food,clothes, and shelters is illogical.
The people with more income to spend tend to have more tertiary needs that is outside these 3 categories.

According to van hayek, what is the basic “non-sequitur” found in galbraith’s analysis of different causes of various needs and desires found in consumers today?

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