Conspicuous comparison

26 April 2013 By John Foley

Useless things bring social honour. So argued Thorstein Veblen in his “Theory of the Leisure Class”. His century-old ideas, now out of place in the West, explain China’s craving for luxury goods. There’s a warning too: “conspicuous consumption” breeds conspicuous inequality.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)