Veblen

Pappy has become a prime example of a certain kind of product that economists called a “Veblen good.”

With Veblen goods, the demand does the opposite, growing as the price goes up.

Several writers, Powers , and especially Veblen, place questions of national honor among the main causes of war.

The higher patriotic feeling runs, says Veblen , the thinner may be the moral sanction that satisfies the public conscience.

Veblen says it is a matter of habit to what particular nationality a man will become attached on arriving at years of discretion.

As Veblen puts it: "The emergence of the leisure class coincides with the beginning of ownership."

In saying all this, I am as far as possible from questioning the value of Veblen's work.