These "Veblen goods," named after economist Thorstein Veblen who first mapped this peculiar behavior, reveal how deeply status-seeking is wired into our psyche. People aren't just willing to pay ...

A protective tariff is a typical conspiracy in restraint of trade. — Thorstein Veblen ...

The term is named after American economist Thorstein Veblen, who is best known for introducing the term “conspicuous consumption.” Veblen goods are fairly commonplace, unlike Giffen goods ...