Posts Tagged ‘Thorstein Veblen’

  • Prius Purchases Could Reflect Conforming to a Local Social Norm

    Prius Purchases and Conspicuous Conservation

    Jun 11, 14 • 982 Views • No Comments

    Our Wednesday Environment Focus Reporting that Prius was the top selling car in California, Bloomberg said the reason was tough emissions standards. I wonder… In a 2011 paper, economists Alison and Steven Sexton compared voting patterns and Prius......  [read more]

  • Coffee Conspicuous Consumption

    One Reason To Drink Coffee in China

    Dec 12, 13 • 2806 Views • No Comments

    How can you show your friends (in China) that you have ascended to your country’s middle class? Starbucks. First, some background… A 2010 BusinessWeek article on the world’s most caffeinated countries cited a connection between an......  [read more]

  • GDP...16843_5.2_9209625-gdp

    iPhone 5 Economics

    Sep 13, 12 • 3479 Views • No Comments

    Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed more revenue because of the volume spike that lasted for......  [read more]

  • shoes, status signals and property rights

    What Do Your Shoes Say About You?

    Sep 4, 12 • 652 Views • 1 Comment

    During a panel discussion, my students were told by a business woman not to wear sandals or even open-toed shoes for a job interview. But, does a shoe really send that much of message? Focusing on the accuracy of the first impression a shoe creates,......  [read more]

  • A Slice of a Pineapple

    Food Bites

    Aug 30, 12 • 1220 Views • No Comments

    Sometimes food is about a lot more than eating. When a !Kung Bushman hunter returns from the forest, he is greeted with, “What, you made us come all this way for this bag of bones?” One Bushman explained why. “When a young man kills much......  [read more]