Ryan H Murphy

Ryan H Murphy

Ryan H. Murphy is a research assistant professor at the O’Neil Center for Global Markets and Freedom at SMU Cox School of Business. You can reach him at rhmurphy@smu.edu.

Conspicuous Consumption Is Not What You Think

Conspicuous Consumption Is Not What You Think

The age of crass consumerism is dead Writing in the 19th century, Thorstein Veblen, the eminent sociologist and Progressive thinker, discovered an apparent failure of capitalism. Traditional economists saw consumption as a means of attaining individual ends, such as sustenance, pleasure, or a gift for your spouse. Contrary to this

Ryan H Murphy
Ryan H Murphy