Thorstein Veblen coined the term “conspicuous consumption” in The Theory of the Leisure Class (1899).
Veblen used the term to excoriate Americans who spent lavishly in trying to impress others with their wealth.
Thorstein Veblen coined the term “conspicuous consumption” in The Theory of the Leisure Class (1899).
Veblen used the term to excoriate Americans who spent lavishly in trying to impress others with their wealth.