Productive Consumption

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Consumption, Productive


consumption of the means of production and human labor power in the production process; the process of production itself.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
"In Islamic finance, credit is channelled for productive consumption rather than speculation.
Leontyev [25] suggested a single-product dynamic macroeconomic model in which gross domestic product is divided into productive consumption, gross investment, and nonproductive consumption.
Let us consider a single-product dynamic macroeconomic model which reflects interaction between factors of production when a gross domestic product (GDP) is divided into productive consumption, gross investment, and non-productive consumption as the performance of production activity.
Still, Flew maps out the development of these traditions in light of contemporary processes of globalization, reviewing literature on cultural homogenization (and its critics), glocalization, and the political nature of cultural consumption and productive consumption. He argues that the concept of a global culture (pertaining to global creative industries) would make sense if we conceive of culture as "symbolic or signifying systems through which social identities are formed" (p.
Radicalizing such productive consumption, Kohout highlights its "networked" nature and the insatiable desire (or demand) for self-presentation driving it.
He next describes the financial excesses that are rampant in the global financial system and considers how finance can be returned to "its proper role in allocating financial resources to promote socially useful and economically productive consumption and investment." Finally, he considers the role of Keynesian stimuli in responding to the crisis, the geopolitical impact of the crisis, the reduced influence of the United States over the global economy, the continuing strengths of the American economy, and the reasons why recovery is likely to be weak and slow.
In informational capitalism, the brain and its bodily mediations are enabled to engage in organic practices of economic production, surplus-value generation, co-production, communicative circulation, and productive consumption by new media.