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Economists tend to focus on the elasticity of advertising in getting a customer to purchase a given item rather than a competing item, to downplay demand creation, and to completely ignore the meta level (the 24/7 propaganda machine to go out and buy stuff that is the advertising industry).
by nanne (zwaerdenmaecker@gmail.com) on Thu Aug 6th, 2009 at 10:50:06 AM EST
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nanne:
the 24/7 propaganda machine to go out and buy stuff and feel happy, strong, sexy and free that is the advertising industry

Important addendum.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Aug 6th, 2009 at 03:45:45 PM EST
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