These "Veblen goods," named after economist Thorstein Veblen who first mapped this peculiar behavior, reveal how deeply status-seeking is wired into our psyche. People aren't just willing to pay ...

It’s about spending a ridiculous amount of money to show the world you can. Veblen argued that these goods—now dubbed “Veblen goods”—become more desirable as their price rises.

He said that many goods from the luxury retail sector can be characterized as "Veblen goods," wherein demand increases as price increases. "It might even be positive for some retailers in particular ...

Russia still relies on many high-tech goods produced in the West, such as microchips, which are banned for export to Russia. These goods are essential for keeping many Russian industrial ...

Yet smartphones and other electronic equipment make up less than a third of the half-trillion dollars in Chinese goods the U.S. imports annually, with products like pharmaceuticals, apparel ...

Zhu Zuoyi generally keeps her daily expenses tightly in check and spends less than 20 yuan (US$2.74) on most meals, but when it comes to merchandise tied to her favourite cartoon characters or ...

Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20. During his first term, Trump mainly targeted Chinese parts and components. Economists and ...

What it means to be good — or not — is the infected wound at the center of Aria Aber’s debut novel, “Good Girl.” The narrator is a forlorn young woman named Nila Haddadi, and the story ...

Luxury goods stocks jumped on Thursday morning following Cartier-owner Richemont's (CFR.SW) surge in sales, prompting hopes of a turnaround for the sector. Richemont's third quarter trading update, ...

Beyond Good and Evil 2 hasn't stopped development yet, and despite a lack of evidence, it is still apparently in the works at Ubisoft Montpellier. Nearly 17 years since this upcoming action ...

How can we lead a healthy life? What is good for our body and soul? What kind of exercise can make us - or keep us fit? Find out more on In Good Shape, the health show on DW. Informative and ...