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Luxury Fever

Why Money Fails to Satisfy In An Era of Excess
in: Economics
Summary:

The book examines the societal and psychological impacts of consumerism, particularly focusing on how the relentless pursuit of luxury goods fails to bring lasting happiness. It explores the consequences of income inequality and the ways in which conspicuous consumption is driven by a desire to signal status, often at the expense of personal and social well-being.

Key points:

1. Conspicuous Consumption: Frank talks about how people buy fancy items to show off wealth, leading to competitive spending.

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