While we can cite a long list of reasons that sports team prices are in the stratosphere, just one stands out.
Although the number of gigayachts is multiplying, they represent the inconspicuous consumption that makes more wealth less obvious.
Throughout history, in the United States and around the world, lawn history shows us why we want greener grass.
Six facts about the economics of French bulldogs can explain why they are popular, expensive, and appeal to dognappers.
When two Chinese businessmen both want the same birds, racing pigeon prices can go sky high into the stratosphere.
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
While wine consumption is down among some of us, we can look at conspicuous consumption for the reason why expensive wine is more popular.
Doing little to help us win games, our video game shopping for outfits and dance moves creates some conspicuous consumption.
With plastic straw bans and request-a-straw rules, people and places are adjusting with new kinds of straws and some surprising innovations.
The average American has access to the types of consumer goods that only the wealthy used to buy. We can purchase a pricey iPhone or watch Netflix on a massive home TV screen. We eat steak, enjoy ahi tuna, and…