This author of The Theory of Business Enterprise has namesake goods which fall in demand when they fall in price due to a perception of lower quality.
In one work, this thinker stated that modern technology was incompatible with the irrational process of business and finance, contrasting industrial and pecuniary employment. One of his works has a chapter on "The Belief in Luck" and examines the title group's interest in sports like bullfighting and football. This author of The Theory of Business Enterprise has namesake goods which fall in demand when they fall in price due to a perception of lower quality. That ties in with this author's idea that the rich need a way to justify and display their wealth. For 10 points, name this economist who introduced the idea of conspicuous consumption in his Theory of the Leisure Class.
In one work, this thinker stated that modern technology was incompatible with the irrational process of business and finance, contrasting industrial and pecuniary employment.
Thorstein Bunde Veblen