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see also https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good """ In an economy, the consumption of Veblen goods is a function o
by gjvc 10y ago
see also https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good
"""
In an economy, the consumption of Veblen goods is a function of the Veblen effect (goods desired for being over-priced) that is named after the American economist Thorstein Veblen, who first identified conspicuous consumption as a mode of status-seeking in The Theory of the Leisure Class (1899).
"""