Veblen, Bourdieu, and Conspicuous Consumption

  title={Veblen, Bourdieu, and Conspicuous Consumption},
  author={Andrew B. Trigg},
  journal={Journal of Economic Issues},
  pages={115 - 99}
  • A. Trigg
  • Published 1 March 2001
  • Economics
  • Journal of Economic Issues
Written just one hundred years ago, Thorstein Veblen's Theory of the Leisure Class ([1899] 1994) still represents a powerful critique of the neoclassical theory of consumption. In contrast to the individual's static maximization of utility according to exogenous preferences, as posited by the neoclassical approach, Veblen develops an evolutionary framework in which preferences are determined socially in relation to the positions of individuals in the social hierarchy. According to Veblen's… 

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