Conspicuous Consumption Veblen Quotes & Sayings

Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure. — Thorstein Veblen

The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods. — Thorstein Veblen

A considerable amount of American consumption spending is not for the enjoyment of consumption per se, but to show off wealth, status, or sexual allure. In the famous phrase of the economist and social critic Thorstein Veblen, this is "conspicuous consumption," that is, consumption whose main purpose is to impress others rather than to be enjoyed by oneself.2 — Jeffrey D. Sachs