Economic View: Conspicuous Consumption? Yes, but It’s Not Crazy

http://rss.nytimes.com/c/34625/f/640316/s/40bcf553/sc/4/l/0L0Snytimes0N0C20A140C110C230Cupshot0Cconspicuous0Econsumption0Eyes0Ebut0Eits0Enot0Ecrazy0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm

Clearly, many rich people like to display their incredible wealth. Yet, generally, they think they know value when they see it.

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