A significant portion of the new disposable income will likely be channelled into non-essential goods and services, ...

Eventually, in 1899, noted economist and scholar Thorstein Veblen coined the phrase “conspicuous consumption” in his book, “The Theory of the Leisure Class: An Economic Study in the Evolutio ...

Called "underconsumption core", it rejects conspicuous consumption and overspending, and instead celebrates minimalism, sustainability, shopping less and reusing more. Although the intention of ...

Wilson, Anne, Silvia Bellezza, and Michael I. Norton. "Minimalism as a Status Symbol: When and Why We Admire Conspicuous Non-Consumption." Working Paper, October 2019.