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Conspicuous Consumption
Manage episode 121495027 series 107989
BMW, Louis Vuitton, Vineyard Vines – what makes these products so expensive, and why do people pay so much for them? Part of it may be their quality, but more importantly there is a certain cache to the labels themselves. They say that the owner has enough money she can spend hundreds or thousands of dollars on luxury items. This is conspicuous consumption, a theory developed by Thorstein Veblen in 1889. In this episode I’m joined by regular guest Ian Conlon to discuss conspicuous consumption. We apply it to the new Apple Watch, fine works of art, and even underwear.
Listen: https://dl.dropboxusercontent.com/u/271472177/Episode%2015.mp3
Further Reading
In his own words: Read an excerpt from Veblen’s The Theory of the Leisure Class.
Read a New York Times opinion piece arguing that conspicuous consumption is not all that crazy.
Do your own conspicuous consuming – pick out a 18k gold Apple Watch
10 επεισόδια
Manage episode 121495027 series 107989
BMW, Louis Vuitton, Vineyard Vines – what makes these products so expensive, and why do people pay so much for them? Part of it may be their quality, but more importantly there is a certain cache to the labels themselves. They say that the owner has enough money she can spend hundreds or thousands of dollars on luxury items. This is conspicuous consumption, a theory developed by Thorstein Veblen in 1889. In this episode I’m joined by regular guest Ian Conlon to discuss conspicuous consumption. We apply it to the new Apple Watch, fine works of art, and even underwear.
Listen: https://dl.dropboxusercontent.com/u/271472177/Episode%2015.mp3
Further Reading
In his own words: Read an excerpt from Veblen’s The Theory of the Leisure Class.
Read a New York Times opinion piece arguing that conspicuous consumption is not all that crazy.
Do your own conspicuous consuming – pick out a 18k gold Apple Watch
10 επεισόδια
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