Monday, 2 June 2014

signaling

be wary of veblen goods
(unless currency is not an issue)

2 comments:

Shelley said...

I did a whole series of posts (very turgid stuff) on Veblen's book, Theory of the Leisure Class. I really enjoyed doing that, though it was hard work, because his book was fascinating, in spite of his writing style. But I didn't run into the phrase 'Veblen goods' - thanks for that!

Gam Kau said...

Shelley, turgid stuff sounds right up my alley. :)
I'll have a look for your posts. I find marketing/economics/decision making fascinating. It's amazing to me how easily we fall to marketing, like we don't stand a chance.