The Gray Area with Sean Illing cover image

How Whole Foods, yoga, and NPR became the hallmarks of the elite

The Gray Area with Sean Illing

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Veblen Goods and Status Consumption

This chapter examines Veblen goods, which gain value from their high price rather than utility, and how they signify social status. It traces the evolution of consumption patterns among the elite and the impact of globalization and technology on displays of wealth and social mobility.

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