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Jonathan Clement's Blog: Spoonful Of Advice: Our Purchases And Investments

FYI: MORE THAN 100 years ago, Thorstein Veblen, the father of behavioral economics, explained the thinking behind most of our purchases and investments with the help of two spoons. In his seminal 1899 book, The Theory of the Leisure Class, Veblen compared a handmade silver spoon, which back then could cost up to $20 ($600 in today’s money) with a machine-made aluminum spoon that cost about 20 cents ($6 today).
Regards,
Ted
https://humbledollar.com/2019/03/spoonful-of-advice/
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