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Luxury good for which the demand increases as the price increases
A Veblen good is a type of luxury good for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting
Veblen_good
Concept in economics
Paradox was presented in terms of bread. Ersatz Substitute good Kuznets curve Veblen good Giffen good Sethi, D.K. ISC Economics (18th ed.). p. 11. ISBN 9789386811684
Inferior_good
International corporation specialising in diamonds
of the Lightbox brand in May 2025, positioning itself in the luxury Veblen good space of mined diamonds. Mining in Botswana takes place through the mining
De_Beers
Topics referred to by the same term
mathematician (Thorstein Veblen's nephew) Veblen function, a hierarchy of normal functions Veblen good, named after Thorstein Veblen Veblen, South Dakota, city
Veblen_(disambiguation)
Notably expensive iOS application
able to afford it. Vox writer Zachary Crockett called it "the ultimate Veblen good in app form". Heinrich released and distributed I Am Rich through the
I_Am_Rich
Goods whose value is given by desirability rather than quantity
economic goods whose consumption (and subsequent utility), also conditioned by Veblen-like pricing, depends negatively on consumption of those same goods by others
Positional_good
Concept in sociology and economy
in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term conspicuous consumption to explain the spending of money
Conspicuous_consumption
Good for which demand increases more than what is proportional as income rises
accompanied by prestige. A Veblen good is a superior good with a prestige value so high that a price decline might lower demand. Veblen's contribution is demonstrated
Luxury_goods
Champagne
seven Grands Crus. Champagne in popular culture Armand de Brignac Ciroc Veblen good Kissack, Chris, thewinedoctor.com. "Roederer". Archived from the original
Cristal_(wine)
Idiom on comparing oneself to neighbors
theory Social stress Symbolic capital Tantalus Transformative asset Veblen good Ammer, Christine (2013). The American Heritage Dictionary of Idioms,
Keeping_up_with_the_Joneses
Book by Thorstein Veblen
the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous
The Theory of the Leisure Class
The_Theory_of_the_Leisure_Class
Tote bag made by Hermès
a matter of its intentionally high price, it has been described as a Veblen good. As a result of strong demand, the Birkin bag has a high resale value
Birkin_bag
Tax on luxury goods
estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore
Luxury_tax
Product that people consume more of as the price rises
Giffen good, the good's price must be the only thing that changes to produce a change in quantity demanded. Giffen goods are distinct from Veblen goods
Giffen_good
Socio-psychological effects of consumerism
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Affluenza
Giffen Good and Veblen Good, where the factors that describe the demand characteristics of a good are logically inverted and yield a new type of good that
Radical_monopoly
Building, modifying, or repairing, without the aid of experts or professionals
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Do_it_yourself
American nonprofit organization
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
The_Venus_Project
Type of culture that exists outside or on the fringes of mainstream/popular culture
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Alternative_culture
Phenomenon in microeconomics
examples are classic automobiles, stamps and coins. Snob Scarcity value Veblen good Bandwagon effect "Snob Effect Definition." BusinessDictionary.com - Online
Snob_effect
Acquisition of goods beyond essential needs
and economist Thorstein Veblen. The term describes an apparently irrational and confounding form of economic behaviour. Veblen's scathing proposal that
Consumerism
Adoption of simpler lifestyle
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Downshifting_(lifestyle)
Organization that promotes local food
president Carlo Petrini believes that "everyone has the right to good, clean, and fair food": good, meaning a high quality product with a flavorful taste; clean
Slow_Food
Indian philosopher, scientist and environmentalist
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Vandana_Shiva
Legal right and movement
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Right_to_repair
Day of protest against consumerism
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Buy_Nothing_Day
Object that denotes one's social position
supply Occupational prestige Positional good Relative deprivation Social stratification Sumptuary law Veblen good Cherrington, David J. (1994). Organizational
Status_symbol
View of media, markets and commodities as sovereign, central to Situationist thought
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Spectacle_(critical_theory)
iPhone controversy
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Batterygate
Consumption of goods beyond ones necessities
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Hyperconsumerism
French philosopher (1952–2020)
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Bernard_Stiegler
Parody advertising
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Subvertising
Sense of regret after having made a purchase
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Buyer's_remorse
Environmental advocacy group
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Earth_First!
Form of protest to subvert media culture
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Culture_jamming
Product design with limited useful life
Time the creator plans a product to last Disposable product Durable good – Good that has long term use Durapolist – producer that manipulates the durability
Planned_obsolescence
Skepticism of the claimed benefits of globalization
increase the impact of greenhouse gasses on the atmosphere. The further a good travels, more fuel is burned in its contributions towards releasing CO2.
Criticisms_of_globalization
Sociopolitical ideology
originated from criticism of consumption, arguably starting with Thorstein Veblen, who, in the book The Theory of the Leisure Class: An Economic Study of
Anti-consumerism
Excessive number of tourists
incidence Tourist trap Tourist tax Tragedy of the commons Urban vitality Veblen good Tourismphobia 'Overtourism'? – Understanding and Managing Urban Tourism
Overtourism
Concept in sustainable fashion
quality of life. The Slow Food Movement advocates for the "Good, Clean, Fair" principles: Good quality (flavorsome and healthy food); Clean production (that
Slow_fashion
Science applied to one's own problems
Human enhancement Roberts, Seth (16 March 2011). "Is Medical Research a Veblen Good?". Seth's blog. Archived from the original on 24 June 2021. Retrieved
Personal_science
Buying behavior that causes adverse consequences
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Compulsive_buying_disorder
Primacy of productivity and growth
human organization (e.g., work), and that "more production is necessarily good". Critiques of productivism center primarily on the limits to growth posed
Productivism
Stance of limited participation in the food system and broader economy in protest
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Freeganism
French philosopher and sociologist (1901–1991)
179-196. Wikiquote has quotations related to Henri Lefebvre. "I am not a good Communist" from Henri Lefebvre's Autobiography (1957) Henri Lefebvre, Urban
Henri_Lefebvre
State whose economic system is no longer a form of capitalism
the normal price mechanism of capitalism prevails, then the price of any good which has essentially no cost of reproduction will fall towards zero. This
Post-capitalism
Study of the risks of collapse of industrial civilization
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Collapsology
Value (economics) – Value added – Value added tax – Value of life – Veblen good – Velocity of money – Virtuous circle and vicious circle – von Neumann-Morgenstern
Index_of_economics_articles
Community with the goal of becoming more sustainable
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Ecovillage
Food produced within a short distance of where it is consumed
reducing the use of pesticides and pollutants, but also keeps the soil in good condition rather than depleting it. Locavores seek out farmers close to where
Local_food
Human society strongly influenced by consumerism
the usefulness of a good is "uneconomically short", because firms can spend the least amount possible creating a nondurable good, which they sell repeatedly
Throw-away_society
Condition in which consumer demand is manipulated through mass-marketing
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Consumer_capitalism
Type of consumer activism
ethical consumerism guides such as Ethical Consumer, Shop Ethical, and the Good Shopping Guide are popular, they suffer from incomplete coverage. User-generated
Ethical_consumerism
Market research tool
cheap and expensive wine." Expensive wines are an example of a Veblen good, a luxury good for which the demand increases as the price increases. Taste tests
Blind_taste_test
Culture jamming activist group
Jobs." and it seems that the AP reported the story as fact, as reported by Good. In June 2012, the Yes Men collaborated with Greenpeace and members of the
The_Yes_Men
Basic form of human interaction
situation, common at the table, when different people come together over a good long meal, and time passes swiftly in excited conversations. In Spanish,
Conviviality
Estonian-Canadian film maker, author, and activist (b. 1942)
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Kalle_Lasn
Worldwide political movement against multinational corporations
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Anti-globalization_movement
1998 American film
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Escape_from_Affluenza
American sociologist (born 1940)
American society. His professor stated that the paper was "too long not to be good". This experience as well as out-reading the other sociology students in
George_Ritzer
Buddhist philosophy on economics
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Buddhist_economics
Canadian nonprofit organization
trying to clean up the toxic areas of our minds. You can't recycle and be a good environmental citizen, then watch four hours of television and get consumption
Adbusters
Method of classifying goods and services used in economics and marketing
(rather than inverse) relationship between price and demand—similar to Veblen goods, when price is the only possible indicator of quality. A consumer
SEC classification of goods and services
SEC_classification_of_goods_and_services
Sub-discipline of consumer behavior
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Sustainable consumer behaviour
Sustainable_consumer_behaviour
Economic concept
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Collaborative_consumption
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Post-consumerism
Alternative investment
wine offers" Archived 2012-01-20 at the Wayback Machine. "What is a Veblen good in fine wine?". Winecap. April 7, 2026. Retrieved June 1, 2026. Purcell
Investment_wine
Illegal alteration of a billboard
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Billboard_hacking
Mode of exchange where valuables are given without rewards
given in an explicit exchange of goods or services for money, or some other good or service. This contrasts with a market economy or bartering, where goods
Gift_economy
Constant capital and population size
believed that an ideal society should allow all individuals to pursue their own good without any interference from others or from government. Also a utilitarian
Steady-state_economy
Sensitivity of quantity to price
definition. The phrase "more elastic" means that a good's elasticity has greater magnitude, ignoring the sign. Veblen and Giffen goods are two classes of goods
Price_elasticity_of_demand
Economic trend
still had considerable value, higher education might be an example of a Veblen good, albeit a subtle rather than a conspicuous one. Students and schools
Higher education bubble in the United States
Higher_education_bubble_in_the_United_States
Study of resource and energy use
65: 16–27. doi:10.1016/j.jclepro.2013.11.068. "Lab-grown meat and insects 'good for planet and health'". BBC News. 25 April 2022. Retrieved 25 April 2022
Sustainable_consumption
Graffiti artist, political activist and painter
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Banksy
Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Textile recycling Trashion Veblen good Workaholic Zero-waste fashion v t e
Criticism_of_advertising
Fundamental principle in microeconomics
inferior items, Veblen goods are generally high quality goods. The demand for Veblen goods increases with the increase in price. Examples of Veblen goods are
Law_of_demand
Concept
concept introduced by the American economist and sociologist Thorstein Veblen in The Theory of the Leisure Class (1899). Conspicuous or visible leisure
Conspicuous_leisure
Economics that focuses on institutions
institutions in shaping economic behavior. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the
Institutional_economics
the activities and impacts of big business are detrimental to the public good and the democratic process. International trade and financial deregulation
Anti-corporate_activism
Building designed to be independent from public infrastructure
freeze, the plants and aquaria need to be kept in a small greenhouse space. Good systems need about as much care as a large aquarium. Electric incinerating
Autonomous_building
Small-scale heating and electric power creation
information on Feed-in Tariffs Building for a Future magazine: Microgeneration – Good or bad? Kumar, Ashish; Shankar, Ravi; Momaya, Kiran; Gupte, Sandeep (2010)
Microgeneration_(energy)
Era of US history from the 1870s to the late 1890s
method of collecting taxes regardless of income bracket. Economist Thorstein Veblen argues in The Theory of the Leisure Class (1899) that the "conspicuous consumption
Gilded_Age
Variable costs are also the sum of marginal costs over all units produced. Veblen good velocity of money Refers to how fast money passes from one holder to
Glossary_of_economics
Skill at performing a task
without obvious external pressure. Veblen also notes the near-universal tendency for people to approve of others' good work. Psychologist Pernille Rasmussen
Workmanship
Proactive process of economic change
Raskin, The Common Good: Its Politics, Policies and Philosophy (New York: Routledge & Kegan Paul, 1986).[ISBN missing] Thorstein Veblen, “A Policy of Reconstruction
Economic_reconstruction
Approach to economics
from the 1950s onward. The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related
Neoclassical_economics
2001 children's novel
through it, and find themselves in the ashes of their old home. They rush to Veblen Hall, the location of the auction, and join the crowd already there. The
The_Ersatz_Elevator
American mathematician and billionaire (1938–2024)
becoming the 1976 recipient of the American Mathematical Society (AMS) Oswald Veblen Prize in Geometry. In 2014, he was elected to the U.S. National Academy
Jim_Simons
harder to give money away to do actual good versus it being very easy to give money away appearing to do good. The Musk Foundation is a United States–based
Wealth_of_Elon_Musk
Graph of how much of something a consumer would buy at a certain price
rises. Certain unusual situations do not follow this law. These include Veblen goods, Giffen goods, and speculative bubbles where buyers are attracted
Demand_curve
Icelandic saga
1484/J.VMS.5.114355. ISSN 1782-7183. Veblen 1964:xiv. Ármann Jakobsson 2008:38-39. Guðbrandur Vigfússon 1878:xlvi. Veblen 1925:v. Sverdlov, Ilya V.; Vanherpen
Laxdæla_saga
American quantitative hedge fund
at Stony Brook University. Simons in 1976 was a recipient of the Oswald Veblen Prize of the American Mathematical Society. He is known in the scientific
Renaissance_Technologies
Fictional character
later, after the Keynes is blown up, aboard its replacement, the Thorstein Veblen. There has been some confusion as to whether Meyer is a given name or surname
Travis_McGee
Geometry of the surface of a sphere
Minggatu Pascal Pythagoras Parameshvara Poincaré Riemann Sakabe Sijzi al-Tusi Veblen Virasena Yang Hui al-Yasamin Zhang List of geometers by period BCE Ahmes
Spherical_geometry
Economic model of price determination in a market
of goods have been given definitions and names that are in common use: Veblen goods, goods which because of fashion or signalling are more attractive
Supply_and_demand
Ford's assembly-line mass production and consumption manufacturing system
Banta, Martha. Taylored Lives: Narrative Production in the Age of Taylor, Veblen, and Ford. U. of Chicago Press, 1993. 431 pp. Baca, George. "Legends of
Fordism
Public visibility or awareness for any product, service, person or organization
appealing to consumers' psychology. The contemporary economist Thorstein Veblen criticised the relative benefit of publicity. He argued that vendibility
Publicity
Stereotype of Jews
environmental factors explain such differences. According to Noah Efron, Thorstein Veblen theorized in his 1919 work "The Intellectual Pre-eminence of Jews in Modern
Ashkenazi_Jewish_intelligence
Desirable qualities in partners
M., Vohs, K.D., & Beal, D.J. (2011). "Peacocks, Porsches, and Thorstein Veblen: conspicuous consumption as a sexual signaling system". Journal of Personality
Mate_choice_in_humans
Psychometric measurement scale
evaluated as indicating strength or lack of weakness/dysfunction ("faking good"); Provide answers that they believe will be evaluated as indicating weakness
Likert_scale
travel, tourism, insurance
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
VEBLEN GOOD
travel, tourism, insurance