Unlike most works that describe economics as a series of formulas and resource allocations, Veblen describes economics as the natural outcome of class warfare and an inherent desire for social recognition. This book provides a new perspective on why people buy what they buy, why many luxury items really exist, and the reasoning behind the famous economic term that bears the author’s name: Veblen good.
Want to read more reviews of this book or buy it? Check out the link below:
Contributor: Adam Juda from TapRun Consulting