1 The seminal work on the Veblen effect is The Theory of the Leisure Class: An Economic Study of Institutions by Thorstein Veblen, Macmillan, 1899. See also “Bandwagon, Snob, and Veblen Effects in the Theory of Consumers’ Demand” by Harvey Leibenstein, Quarterly Journal of Economics, 1950, vol. 64, p. 183–207.
2 See, for example, “In Tuition Game, Popularity Rises With Price” by Jonathan Glater and Alan Finder, New York Times, December 12, 2006.
Get Universal Principles of Design, Revised and Updated now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
