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Who suggested the concept of conspicuous consumption in 1912?
Who suggested the concept of conspicuous consumption in 1912?
Expert Solution
The person who suggested the concept of conspicuous consumption in 1912 was no other than Thorstein Veblen.
Thorstein Veblen was:
- A Norwegian-American sociologist and economist.
- One of the co-founders of the institutional economics movement.
- Known as the witty critic of capitalism.
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