WThorstein Bunde Veblen was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism.
WConspicuous consumption is a term used to describe and explain the consumer practice of purchasing or using goods of a higher quality, price or in greater quantity than might be considered necessary in practical terms. More specifically, it refers to the spending of money on or the acquiring of luxury goods and services in order to publicly display the economic power of one's income or accumulated wealth. To the conspicuous consumer, such a public display of discretionary economic power is a means of either attaining or maintaining a given social status.
WConspicuous leisure is a concept introduced by the American economist and sociologist Thorstein Veblen, in The Theory of the Leisure Class (1899). Conspicuous or visible leisure is engaged in for the sake of displaying and attaining social status.
WThorstein Bunde Veblen was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism.
WThe Thorstein Veblen Farmstead is a National Historic Landmark near Nerstrand in rural Rice County, Minnesota, United States. The property is nationally significant as the childhood home of Thorstein B. Veblen (1857-1929), an economist, social scientist, and critic of American culture probably best known for The Theory of the Leisure Class, published in 1899.
WA Veblen good is a type of luxury good for which the demand for a good increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve. The higher prices of Veblen goods may make them desirable as a status symbol in the practices of conspicuous consumption and conspicuous leisure. A product may be a Veblen good because it is a positional good, something few others can own.
WThe Theory of the Leisure Class: An Economic Study of Institutions (1899) is a book by Thorstein Veblen about how the possession or pursuit of wealth affects human behavior. More specifically, it is a treatise on economics as well as a detailed, social critique of 'conspicuous consumption' as a function of social class and of consumerism, derived from the social stratification of people and the division of labor, which are social institutions of the feudal period that have continued to the modern era.
WThe Theory of the Leisure Class: An Economic Study of Institutions (1899) is a book by Thorstein Veblen about how the possession or pursuit of wealth affects human behavior. More specifically, it is a treatise on economics as well as a detailed, social critique of 'conspicuous consumption' as a function of social class and of consumerism, derived from the social stratification of people and the division of labor, which are social institutions of the feudal period that have continued to the modern era.
WThorstein Bunde Veblen was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism.