What are Veblen goods? How are they different from regular goods and commodities and how is bitcoin a Veblen good? For most products and services, there is an inverse relationship between price and ...

A Veblen good is a product that challenges conventional economic theory. Normally, when the price of something increases, demand tends to drop. But for Veblen goods, the opposite occurs — demand ...

A Louis Vuitton / Supreme boxed logo t-shirt recently sold for $1,750. The shirt was produced by Supreme, which originally sold it for $485. You may think that this item is an anomaly, but it is not.

What do these phrases mean? If you don’t know, there’s a decent chance you’re spending money foolishly. Android’s Law A CNNMoney post explains that the popularity of Android, Google’s free open-source ...

Veblen goods. This is a term that I heard years ago and had stick in some dark crevice of my brainpan, but could never call it up when I wanted to. I knew it was there, but couldn't remember what it ...

As far back as anyone can remember, luxury has been associated with high prices, custom service and a sense of exclusivity. For over a century haute couture, chauffeurs, ski villas and butlers have ...

For the best experience, please enable JavaScript in your browser settings. A recent visit to a restaurant in the city left me hungry because I had no prior booking ...

For most products and services, there is an inverse relationship between price and demand. That is, when the price goes up, demand goes down. However, for Veblen goods, there is a direct relationship ...

A recent visit to a restaurant in the city left me hungry because I had no prior booking – yet the seats were empty. I assumed the guests were on their way. Not wanting to create a fuss, I left, but ...