In 1899 economist/sociologist Thorstein Veblen introduced the term Conspicuous Consumption to describe what he believed to be the evils of wealth accumulation in the nouveau riche upper class of the ...
In 1899, Thorstein Veblen published The Leisure of the Theory Class. It popularized the terms conspicuous consumption and conspicuous leisure. Veblen, imbued with the austerity of his Norwegian ...
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More than conspicuous consumption
Why do some people, particularly those who have become suddenly rich, flaunt their wealth? It’s a question one may ask after watching video clips where owners share glimpses of their opulent houses, ...
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