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Article: Veblen, Bourdieu, and Conspicuous Consumption.
- Article from:
- Journal of Economic Issues
- Article date:
- March 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Written just one hundred years ago, Thorstein Veblen's Theory of the Leisure Class ([1899] 1994) still represents a powerful critique of the neoclassical theory of consumption. In contrast to the individual's static maximization of utility according to exogenous preferences, as posited by the neoclassical approach, Veblen develops an evolutionary framework in which preferences are determined socially in relation to the positions of individuals in the social hierarchy. According to Veblen's theory of conspicuous consumption, individuals emulate the consumption patterns of other individuals situated at higher points in the hierarchy. The social norms that govern such ...
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Article: Dreiser and Veblen, Saboteurs of the Status Quo.
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... ... demonstrates the workings of Veblen's analysis through examples ... Desire," in which Eby applies Veblen's conception of "conspicuous consumption" to Sister Carrie and An American Tragedy. While Veblen's phrase has become a cliche ...
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