conspicuous consumption


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conspicuous consumption

The lavish expenditure of money or acquisition of expensive items as a public display of one's wealth or financial success. In rapidly developing economies, conspicuous consumption becomes more and more prevalent as a means for those who have done well to flaunt their new economic status.
See also: conspicuous
References in periodicals archive ?
It was during the course of undertaking this work that the research of Phillips and Back (2011), on conspicuous consumption applied to tourism destinations, was published.
Would students welcome the patterns of spending, prestige, and conspicuous consumption or would they feel lost in the maze of places, monuments, artificers, and consumers?
His global tax on conspicuous consumption falls precisely into that which Popper shunned as 'tutelage of authority'.
That's because this likable, undemanding family get-together is really more of a generational reconciliation drama than a sendup of conspicuous consumption.
No, I suspect that much of the $33 billion extracted from the pockets of drivers this fall will go to the usual items of conspicuous consumption favored by the $10-million-a-year-and-up demographic.
Drawing upon existing literature, this paper briefly discusses aspects of conspicuous consumption.
Is suffering an adequate term to describe the lack of material well-being in the land of conspicuous consumption where what satisfies an individual is well beyond the necessities?
Men no longer use tridents to survive in the wild, but they need savvy salesmanship and signs of conspicuous consumption (such as the house to which the investor responds so agreeably) to endure in the world of business.
The '70s economy was so bad that price was almost all, and the '80s and '90s were so good that conspicuous consumption and quality/service ruled.
No wonder we see such levels of conspicuous consumption, even though the man in the street struggles to feed his family.
In the case of the famous Peace Hotel, the building has retained its original function; others are reinventing themselves to appease the gods of conspicuous consumption.
The demand for tonic food has risen with improving economic conditions in post-1978 China and is a form of conspicuous consumption that expresses economic and social distinction and prestige.
RACING - that once-aristocratic, now plutocratic vessel of conspicuous consumption and vanity - is a very strange choice of career for a fully paid up class warrior, don't you think?
Through advertising and packaging they persuaded the world to turn to champagne for festivities and rites de passage and to enjoy it as a luxury and form of conspicuous consumption.
Thorstein Veblen's commentary on conspicuous consumption is as relevant today as it was nearly a century ago.