The Veblen effect is named after American economist Thorstein Veblen, who wrote about conspicuous (which means visible) consumption; it means spending of money on luxury goods and services to display ...

Squirrels, a reluctant bride, a dead economist and the military-industrial complex: These elements may seem unlikely to add up to a refreshing, life-affirming and funny novel that’s climbing the ...

If Apple is indeed a Veblen brand (or more accurately, the goods produced by Apple are Veblen Goods) then why not try to raise the price of the next iPhone by $100? For the increase in price might ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...

Thorstein Veblen may be the most important American thinker most Americans have never heard of. A prolific economist at the turn of the 20th century, Veblen’s groundbreaking work on the mysteries of ...

Thorstein Veblen's The Higher Learning in America is back in a new edition. Scott McLemee revisits a scathing classic. Probably the best-known fact about The Higher Learning in America by Thorstein ...