Conspicuous Consumption

Author:  The piece was written by Thorstein Veblen, an American economist and sociologist.  He is well known for his thinking in the field, as he applied Darwinian theory to economic analysis.

Context:  Written in 1902, Veblen was writing in the midst of the second Industrial Revolution.  As the middle class began to surge, many previously lower class individuals were becoming more prosperous.  Veblen observes this phenomenon, thus he writes Conspicuous Consumption.

Language: Veblen’s tone is analytic, observant, and unromantic.  … Read the rest here

Veblen’s Conspicuous Consumption

Author: Thorstein Veblen was born in 1857 in Wisconsin and moved to Minnesota where he spent the majority of his childhood working on his family’s farm. His family was a part of an immigrant farming community that stressed hard work and dedication, explains his disdain for the effects of capitalism, as shown in his book The Theory of the Leisure Class.

Context: Veblen wrote about Conspicuous Consumption in 1902 in his book The Theory of the Leisure Class and coined the phrase as a way to describe the behavioral characteristics of the emerging social class that was a result of  acquired wealth during the Second Industrial Revolution.… Read the rest here