Stories tagged with "veblen goods"

How $30,000 Can be More Than $300,000

Posted by Nate Hagens on March 7, 2009 - 5:25pm in The Oil Drum: Campfire
Topic: Miscellaneous
Tags: campfire, conspicuous consumption, habituation, original, ratchet effect, veblen goods [list all tags]

In interviews, speeches and in writing on this blog, I often point out that financial capital is just a marker for real capital, which is comprised of natural, built, social and human components. In the context of upcoming social upheaval given numerous converging crises, this post is a brief discussion piece on how those making little or no money may actually have a leg up on those who are employed/making alot of money.





The Monkey Trap - All the monkey has to do is let go, to get free

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