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Explain the ideas on conspicuous consumption

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Veblen says that consumption, leisure, and waste are symbols of financial strength and social class (in Veblen's time the two were still virtually inseparable, by Goffman's time they have deviated somewhat). He even coins the phrase 'conspicuous consumption' to describe that symbolic relationship.

How have we updated and continued Veblen's ideas on conspicuous consumption?

What do our other authors this term have to say that can be applied to Veblen's ideas?

Reference no: EM133184245

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