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Now might be a good time to recommend Veblen's Theory of the Leisure Class for anyone who hasn't read it: http://en.wikipedia.org/wiki/The_Theory_of_the_Leisur

Now might be a good time to recommend Veblen's Theory of the Leisure Class for anyone who hasn't read it: http://en.wikipedia.org/wiki/The_Theory_of_the_Leisure_Class http://en.wikipedia.org/wiki/The_Theory_of_the_Leisure_Class One of my touchstones for understanding the modern world.

rdtsc 14y ago
That can also be used as a way to seek profit in the modern world. Remember the Citibank "plutonomy" papers? Whether authentic or not they basically made the same point. Invest in luxury goods. As the proverbial 1% accumulates more wealth they will want to engage in conspicuous consumption. They will buy Porsches and hand made watches and will pay a pretty penny for it.
cma 14y ago
It explains much of the ancient world as well: http://www.forumromanum.org/literature/seneca_younger/brev_e.html http://www.forumromanum.org/literature/seneca_younger/brev_e...