by nathan jurgenson Less Credit/Less Consumption Consumption is down. While this might be a momentary hiccup, it could very well be the case that Western societies will have to “reset” and pull back on consumption levels for a long time to come. Much of the consumption literature has pointed to Western conspicuous and hyper-consumption as … Continue reading »
Tagged with Conspicuous Consumption …
Conspicuous or Inconspicuous Consumption?
by bmckernan Over one hundred years ago, noted sociologist Thorstein Veblen introduced the concept of “conspicuous consumption” to describe the lifestyle of members of the upper class who purchase goods and services not out of necessity but instead as indicators of their wealth and status. According to a recent Newsweek article, the era of conspicuous … Continue reading »
Perspective on Living in “Bad Times”
by rbobbitt Turn on the news on any given channel at any time during the day and more than likely you will hear something of the “hard times” befalling Americans as we continue to struggle through was has finally been recognized as a recession. As the holidays are upon us, pundits lament how holiday sales … Continue reading »
