Answer to Question #53076 in Other Economics for candy
particular, driven by utilitarian impulses or socio-cultural factors? What is the point of
conspicuous consumption and conspicuous leisure? What is emulative consumption and
emulative leisure? What role do envy and invidious distinctions play in this process? Does this
lead to a state of happiness or misery? What does this imply for the presumed efficiency (or lack
of waste) of capitalist society?
As proposed by Thorstein Veblen, conspicuous consumption (spending money to buy goods and services for their own sakes) explains the psychological mechanics of a consumer society, and the increase in the number and the types of the goods and services that people consider necessary to and for their lives in a developed economy.
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