Why We Buy Things We Don’t Need? : The Economist Thorstein Veblen and the Psychology of Status скачать в хорошем качестве

Why We Buy Things We Don’t Need? : The Economist Thorstein Veblen and the Psychology of Status

Have you ever wondered why we feel a magnetic pull toward luxury brands, even when a cheaper alternative does the exact same job? Why do we trade our financial freedom for symbols of status? In this episode of Money History Lab, we dive deep into the mind of Thorstein Veblen, the eccentric economist who saw through the "rational consumer" myth. Over a century ago, Veblen coined the term Conspicuous Consumption to describe a truth that defines our modern economy: we don't just buy for utility; we buy to be seen. From the lavish, wasteful dinner parties of the Gilded Age to the hyper-curated lifestyles of the social media era, we explore how the "Leisure Class" set a standard of spending that filtered down through every level of society. We uncover how Veblen Goods defy the laws of supply and demand, why rising incomes often lead to more financial anxiety, and how the pursuit of status has become a silent engine of modern debt. In this video, you will discover: The origin of the term Conspicuous Consumption. Why higher prices can actually increase demand (The Veblen Effect). How "Pecuniary Emulation" forces the middle class into lifestyle inflation. The historical shift from physical power to symbolic wealth. Why breaking the cycle of status-seeking is the ultimate path to financial resilience. Don't let your wealth be a performance. Join us as we uncover the hidden history of your spending habits. Welcome to Money History Lab, the digital archive where we dissect the evolution of wealth, power, and the hidden forces that drive the global economy. Money isn't just numbers on a screen or paper in a vault—it is a story of human psychology, ancient instincts, and world-changing events. Here, we go beyond the stock tickers to explore the "why" behind the "how." From the fall of ancient empires and the birth of banking to the psychological traps of modern consumerism, we investigate the history that still dictates your financial reality today. Our mission is to provide sophisticated, cinematic narratives that turn complex economic theories into immersive stories. Whether you're a history buff, a finance enthusiast, or someone looking to understand the system we live in, Money History Lab is your partner in uncovering the truth behind the money. Subscribe to join our journey through the vaults of history. Thorstein Veblen, Conspicuous Consumption, The Theory of the Leisure Class, Veblen Goods, Status Symbols, Economics of Luxury, Behavioral Economics, Money History, Lifestyle Inflation, Wealth Psychology, Gilded Age History, Institutional Economics, Financial History, Pecuniary Emulation, Why People Buy Luxury, Debt and Status, Consumerism Critique, Economic History Documentary. #MoneyHistoryLab #ThorsteinVeblen #ConspicuousConsumption #Economics #FinancialHistory #LuxuryLifestyle #WealthPsychology #Consumerism #MoneyMindset #StatusSymbols #HistoryDocumentary #BehavioralEconomics #VeblenGoods #TheLeisureClass #GildedAge #EconomicHistory #FinancialFreedom #LifestyleInflation #DebtTrap #PsychologyOfMoney #LuxuryBrands #SocialHierarchy #WealthEducation #MoneyStories #InvestigativeJournalism #ModernEconomy #ConsumerCulture #EconomicTheory #PersonalFinance #FinancialLiteracy #Sociology #EconomicThought #CapitalismCritique #ClassWarfare #HistoryOfMoney #SpendingHabits #SmartInvesting #WealthGap #HiddenHistory #FinancialResilience