If Veblen were writing about the world today,
he would probably not focus on real estate.
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And the penetrating voices of Arnold and Veblen can be heard too,
explaining what is really behind it.
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And Thorstein Veblen, in The Theory of Business Enterprise,
in 1904, explained what the sound principle underlying it all was.
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Veblen pointed out that people buy homes with rooms that are rarely used,
just to show off the owner's wealth.
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As Thorstein Veblen in his 1899 work“Theory of the Leisure Class” proposed,
the purpose of the 19th century woman among the elite was simply to demonstrate how wealthy a family was.