Purpose – The purpose of this essay is to argue that, for Veblen, the contribution of advertising to mature business … consumption. One must turn to Veblen’s later writings on the business system to find an analysis of advertising within oligopoly … social needs in efficient ways. To ward off such challenges, business developed a two-prong approach to perpetuate scarcity …

peer emulation motives. Furthermore, we show that larger vehicle purchases financed by auto loans lead to worse loan …