Does this oft-maligned human behavior offering us anything other than the opportunity to show off? Here's what the research says.

In the past, people displayed their membership in the upper class with their material accouterments. As the economist and sociologist Thorstein Veblen famously observed in his 1899 book “The Theory of ...

The scuttled merger between the owners of Coach and Michael Kors tells us the FTC doesn’t understand “accessible luxury.” ...

But there are some categories that violate our intuitions around supply and demand. And they do so for very different reasons ...

When the price of most types of products goes up, demand for them tightens. Except for a couple of special cases.

New institutional economics (NIE) has received another so-called Nobel prize, ostensibly for again claiming that good institutions and democratic governance ensure growth, development, equity and ...