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2 unusual facts about Demonstration effect


Demonstration effect

Similarly, Ragnar Nurkse (1953) argued that the exposure of a society to new goods or ways of living creates unhappiness with what had previously been acceptable consumption practices; he dubbed it the "international demonstration effect."

Some heterodox economists such as James Duesenberry and Robert H. Frank, following the original insights of Thorstein Veblen (1899), have argued that awareness of the consumption habits of others tends to inspire emulation in of these practices.



see also