Veblen's Insights on Consumption and Class

This chapter delves into Thorstein Veblen's ideas on 'conspicuous consumption' and its implications for social status and consumer behavior. It contrasts Veblen's theories with traditional economic models, highlighting the significance of social signaling in spending decisions. The discussion further explores the distinctions between productive and pecuniary investments, framed within a historical context that addresses socio-economic dynamics and gender roles.