4 ms·
I don't think the point of mentioning Veblen goods was defining a namespace. The point is that this is such well-covered ground in economic theory that there's
by reissbaker 6y ago
I don't think the point of mentioning Veblen goods was defining a namespace. The point is that this is such well-covered ground in economic theory that there's actually a name for it. The Wikipedia link is presumably a pointer to where you can start reading more answers about these questions (e.g. conspicuous consumption for social status).