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veblen

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The answer VEBLEN has 1 possible clue(s) in existing crosswords.

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The word VEBLEN is NOT valid in any word game. (Sorry, you cannot play VEBLEN in Scrabble, Words With Friends etc)

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Definitions of veblen in various dictionaries:

noun - United States economist who wrote about conspicuous consumption (1857-1929)

noun - United States mathematician (1880-1960)

VEBLEN - Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of dema...

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Possible Crossword Clues
Economist who wrote 'The Theory of the Leisure Class'

Last Seen in these Crosswords & Puzzles
Oct 20 2007 New York Times

Geographic Matches
Veblen, SOUTH DAKOTA, UNITED STATES

Veblen description
Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand. Consumers actually prefer more of the good as its price rises, and the result is an upward sloping demand curve. For example, in the 1990s when "fashion" jeans became popular, one retailer found that he could sell more when he raised the price. Also functioning as positional goods, they include expensive wines, jewelry, fashion-designer handbags, and luxury cars which are in demand because of, rather than in spite of, the high prices asked for them. This makes them desirable as status symbols in the practices of conspicuous consumption and conspicuous leisure. * Veblen goods are named after American economist Thorstein Veblen, who first identified conspicuous consumption as a mode of status-seeking in The Theory of the Leisure Class (1899). A corollary of the Veblen effect (where goods are desired for being over-priced) is that a decrease of their price decreases their demand.

Veblen description

Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand. Consumers actually prefer more of the good as its price rises, and the result is an upward sloping demand curve. For example, in the 1990s when "fashion" jeans became popular, one retailer found that he could sell more when he raised the price. Also functioning as positional goods, they include expensive wines, jewelry, fashion-designer handbags, and luxury cars which are in demand because of, rather than in spite of, the high prices asked for them. This makes them desirable as status symbols in the practices of conspicuous consumption and conspicuous leisure.
* Veblen goods are named after American economist Thorstein Veblen, who first identified conspicuous consumption as a mode of status-seeking in The Theory of the Leisure Class (1899). A corollary of the Veblen effect (where goods are desired for being over-priced) is that a decrease of their price decreases their demand.

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