T he social theorist and economist Thorstein Veblen, best remembered today for The Theory of the Leisure Class (1899), was born in 1857 to a family of Wisconsin farmers who had emigrated from Norway.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...

If Apple is indeed a Veblen brand (or more accurately, the goods produced by Apple are Veblen Goods) then why not try to raise the price of the next iPhone by $100? For the increase in price might ...

Discover exceptions to the law of demand, like Giffen and Veblen goods, and understand why they don't disprove core economic ...

Squirrels, a reluctant bride, a dead economist and the military-industrial complex: These elements may seem unlikely to add up to a refreshing, life-affirming and funny novel that’s climbing the ...

J ust over a century ago, the same year that the Spanish flu struck millions around the world, the American sociologist Thorstein Veblen diagnosed a malady of a different sort: the control of ...

Thorstein Veblen, 1902. Photo courtesy George Eastman Museum archives. On a quiet stretch of country road in rural Rice County there sits a perfectly preserved farmhouse in which one of the great ...

Elizabeth McKenzie's clever, romantic comedy broadcasts quirkiness right on its cover, with its potentially off-putting title and its illustration of a squirrel instead of the interlocked wedding ...

A Louis Vuitton / Supreme boxed logo t-shirt recently sold for $1,750. The shirt was produced by Supreme, which originally sold it for $485. You may think that this item is an anomaly, but it is not.