Conspicuous consumption
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 The sociologist and economist Thorstein Veblen coined the term “conspicuous consumption”, and was a co-founder of the institutional economics movement. |
Conspicuous consumption is the spending of money for and the acquiring of luxury goods and services to publicly display economic power — either the buyer’s income or the buyer’s accumulated wealth. Sociologically, to the conspicuous consumer, such a public display of discretionary economic power is a means either of attaining or of maintaining a given social status. Moreover, invidious consumption, a more specialized sociologic term, denotes the deliberate conspicuous consumption of goods and services intended to provoke the envy of other people, as a means of displaying the buyer’s superior socio-economic status.
- See also: Wikipedia, Wiktionary
- Related: Affluenza, Anti-consumerism, Bling, Class consciousness, Commodity fetishism, Conspicuous conservation, Conspicuous leisure, Frugality, Handicap principle, Haul video, Hoarding, Keeping up with the Joneses, Mottainai, Sign value, Simple living, Status symbol, Structural functionalism, Veblen good, Positional good
| Thorstein Veblen: Conspicuous Consumption, 1902 Thorstein Veblen: Conspicuous Consumption, 1902 www.fordham.edu/halsall/mod/1902veblen00.html - Web |
| Conspicuous consumption at its worst... shooting a... Conspicuous consumption at its worst... shooting at Toys R Us on Black Friday www.latimes.com/.../la-me-toystoreshooting29-2008nov29,0,5989270.story - Web |
| Wal-Mart employee trampled to death by shoppers hu... Wal-Mart employee trampled to death by shoppers hungry for deals. www.nytimes.com/2008/11/29/business/29walmart.html?hp - Web |
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