Associations to the word «Veblen»

Wiktionary

VEBLEN GOOD, noun. A good for which people's preference for buying them increases as a direct function of their price, as greater price confers greater status.

Dictionary definition

VEBLEN, noun. United States economist who wrote about conspicuous consumption (1857-1929).
VEBLEN, noun. United States mathematician (1880-1960).

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky