Re:The Secret Economics of the Birkin Bag
by ghaff on Monday July 24, 2023 @05:42PM
(#36854623)
I think we're getting away from the definition of Veblen goods in that it implies people wouldn't want a Tesla, Mustang, or iPhone as much if you cut the price in half. And that seems manifestly silly.
On the other hand, I can absolutely imagine that a lot of the people who buy supercars would be less likely to buy a Lambo, given it's downsides, if it were something any upper middle-class household could afford if they wanted to.
On the other hand, I can absolutely imagine that a lot of the people who buy supercars would be less likely to buy a Lambo, given it's downsides, if it were something any upper middle-class household could afford if they wanted to.