Posts Tagged ‘Thorstein Veblen’

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    Green Signals

    Jul 8, 11 • 140 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Environment, Households, Thinking EconomicallyNo Comments

    When “green” is valued, hybrid car sales will be high. But here is the interesting part. When green is valued, looking “green” sometimes can be more important than being “green.” As a result, people buy more Priuses than...

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    Conspicuous Consumption

    Jun 20, 10 • 108 Views • Economic Thinkers, HouseholdsNo Comments

    I once read that Thorstein Veblen let his dirty dishes accumulate until his cupboard was bare, then sprayed them with a hose and started all over again. Maybe a good idea, but unusual. This early 20th century scholar (1857-1929) was somewhat eccentric. We...

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    Conspicuous (Coffee) Consumption

    May 1, 10 • 164 Views • Businesses, Developing Economies, Economic ThinkersNo Comments

    How can you show your friends that you have ascended to your country’s middle class? Starbucks. A recent BusinessWeek article on the world’s most caffeinated countries cited a connection between an emerging middle class and coffee...