Who buys a 750,000$ watch? Why are seven years olds made to understand cost-benefit analysis? How many times the wage of his employee takes home the average American chief executive? U'll find that and much more at the:
http://observer.guardian.co.uk/review/story/0,,2131752,00.html
2 comments:
I think we found in Christos' article a great example of Veblen goods that puts my Hermes example to shame!
"The number one sellers are watches made by a newcomer called Franck Muller who had realised that Rolexes were way too cheap. A Muller watch sells for nearly $750,000." Did I mention in class that I just ordered two of them?
ahhh i helped out in a fashion show and frank muller was there and he fashionshowed -well,i dont know the term- his watches and honestly,they were pretty nice:)
id like some of those veblen goods please:P
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