The strong demand for luxury goods and services in the U.S. during the past two to three years has largely come to an end as conspicuous consumption seems to be out of favor with affluent households, ...

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our ...

It’s back-to-school time and another shopping holiday is upon us. It may not be a coincidence, but Aug. 1 was this year’s Earth Overshoot Day — the day when we (all of humanity) have used more from ...

Rancho Gordo, a California-based seller of dried heirloom beans, reports that sales have quadrupled in the past few weeks. (A variety named Royal Corona remains its top seller, despite the name.) As ...

These two tendencies of conspicuous and reluctant consumption are even present within the same individual when it comes to different product category consumption choices. Certain product categories ...

When George W. Bush took office in January 2001, the economy was producing roughly $10 trillion worth of output annually. This year, it looks like production will be in the neighborhood of $13.5 ...

This commentary was written by CBSNews.com's Dick Meyer. In 1899, a scholar named Thorstein Veblen published a book he thought was a work of serious economic and social theory. Somewhat to his chagrin ...

Buckle up, everyone; this post is going to be a long one. Today, I wanted to discuss the matter of conspicuous consumption: the art of spending relatively large sums of money on luxury goods. When you ...