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Conspicuous consumption and the pursuit of happiness

Spending - Solusite

It’s easy to think that the financial challenges facing Americans today are new, but one needn’t look too far in the past to see many of the same destructive patterns of behavior and habits of consumption bedeviling humanity since the beginning of modern economic theory. In 1899, economist and sociologist Thorstein Veblen introduced the concept of conspicuous consumption to describe ...

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