> pointing to 1001 different (supply) factors and I would probably agree that most of them have some role, but ignoring the demand side is fundamentally flawed

> pointing to 1001 different (supply) factors and I would probably agree that most of them have some role, but ignoring the demand side is fundamentally flawed (in principle) given how circularly an economy works, especially over the long run. Quantifying precisely what role demand plays would need careful justification and counterfactual economic "experiments" [0] but that was not my point. My point is that it is a factor seldom discussed, whereas even casual exposure to non-western society shows that people have very diverging attitudes towards consumption which are very culture driven. [0] This should not be so difficult. Even today, centuries after the industrial revolution in many parts of the world 50% of the population is not even granted any agency, let alone be drivers of economic demand.