Houthakker (Hendrik S. Houthakker)

Hendrik S. Houthakker was a prominent economist known for his work on consumer behavior and demand analysis. He studied how individuals and households make choices about purchasing goods and services, considering factors like income and prices. His research helped explain why people buy certain products more or less depending on their financial situation and the cost of items. Houthakker’s insights contributed to understanding market dynamics, pricing strategies, and consumer preferences, advancing economic theory that influences policy and business decisions today.