Writer's Almanac reports: It's the birthday of economist and sociologist Thorstein Veblen, (books by this author) born in Cato, Wisconsin (1857). He was an economics professor at the young University of Chicago when, in 1899, he published his book The Theory of the Leisure Class,in which he coined the phrase "conspicuous consumption."
Veblen used the term in a sentence of his book like this: "Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure."
There is not too much conspicuous consumption these days - the pendulum has swung dramatically: so many are just trying hard to get by.
The Writer's Almanac is a wonderful way to start your day - so many things in life are free - read a poem, listen to the birds, watch the trees move in the wind and feel the sun on your face - now that's a great start to the day and it did not cost a penny! Enjoy your weekend.