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Political > Conspicuous Consumption
The following information is about Conspicuous Consumption.
Conspicuous Consumption Defined
Refers to consumption of goods or services that is mainly designed to show off one's wealth. The term was coined by Thorstein Veblen in the 1890s, who said that all classes in society, indulged in conspicuous consumption, even the poor (who, like the wealthy, sometimes buy something that is not essential and which is beyond their means). According to Veblen, the way to decide whether a certain item belongs in the category of conspicuous consumption is to ask, "whether, aside from acquired tastes and from the canons of usage and conventional decency, its result is a net gain in comfort or in the fullness of life."
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Off-site Conspicuous Consumption Links, User Submitted
The following links have been collected through user bookmark submission in the Conspicuous Consumption category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
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- World's Most Expensive Foods: A glimpse of how far the insanity has gone.
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- In Lean Times, Whole Foods Tries for a Fresh Image - NYTimes.com: 'Whole Foods Market is on a mission to revise its gold-plated image as consumers pull back on discretionary spending in a troubled economy.'
Sat Jun 21
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