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Veblen effect

Veblen effect noun: conspicuous consumption.

Noun

Veblen effect (plural Veblen effects)

  1. Conspicuous consumption.
    • The Veblen effect, unlike the other two effects, is a response by consumers to the ostentatious price of the good rather than to the quantity others are buying. It is the effect generally known as conspicuous consumption.2020, Judy Whitehead, Microeconomics: A Global Text, Routledge, →ISBN, page 111

Forms of Veblen effect

pluralVeblen effects

Origin of Veblen effect

Named after economist Thorstein Veblen.

Questions about Veblen effect

What does Veblen effect mean?
Veblen effect means conspicuous consumption.
What part of speech is Veblen effect?
Veblen effect is a noun.
What is the plural of Veblen effect?
The plural of Veblen effect is Veblen effects.

Words near Veblen effect in the dictionary

  1. veather
  2. Veazey
  3. Veazeys
  4. Veazie
  5. Veblen
  6. Veblen effect
  7. Veblen effects
  8. Veblen good
  9. Veblen goods
  10. Veblen's theorem
  11. Veblenian

Source and license

Adapted from Wiktionary: Veblen effect (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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