Markets in everything, Thorstein Veblen edition

A watch that doesn’t tell time.  Oh, it costs $300,000.  And:

He added that anyone can buy a watch that tells time – only a truly discerning customer can buy one that doesn’t.

And here’s the best part: The watch sold out within 48 hours of its launch.

I thank Darren Klein for the pointer.

Addendum: I am reminded of Borges on Veblen: "When, many years ago, I happened to read this book, I thought it was a satire.  I later learned it was the first work of an illustrious sociologist."


Comments for this post are closed