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Apple products are not Veblen goods. They are primarily bought for their utility. The wikipedia page for https://en.wikipedia.org/wiki/Veblen_good https://en.w
by kevinpet 5y ago
Apple products are not Veblen goods. They are primarily bought for their utility.
The wikipedia page for https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good is interesting. It talks about wastefulness, but then excludes "ethical goods" from consideration as being wasteful. Apparently we are never allowed to ask whether a cottage farm in Portland is wasteful compared to an efficient mechanized farm. Only intent matters.