Using basket brigade theory

Rising income inequality has received extensive attention from economists in recent years. However, changes in consumption inequality – which is potentially more relevant for welfare – have been largely neglected. Using US data, this column explores measurement issues and trends in household consumption. A key trend identified is that US households have been shifting towards stockpiling behaviour – shopping less frequently but purchasing larger quantities per trip.

This is the basket brigade theory of economics.  Emphasis mine.   But we see the requantization of basket sizes taking hold, and basically the economy has contracted.

Basket brigade theory has been around in other forms, I just renamed it. I also pointed out that maximum entropy channels connect basket brigade theory to optimally queued distribution graphs.