The Dead Economists Society Salon series continues as Bronwyn Williams and Peter Isztin investigate Veblen goods: products that become more desirable as they become more expensive. "With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper." ~ Thorstein Veble In this Dead Economists Society Salon, we will…

The Dead Economists Society Salon series continues as Bronwyn Williams and Peter Isztin discuss the many approaches to borrowing and lending money. “Debts are like children: the smaller they are the more noise they make.” ~ Spanish Proverb As global debt based 281 trillion US dollars this year, we are asking the questions : What are the real risks of all…