[SOLVED] A return to mid 19th century competition
Two part question. Answer each separately.
Question 1: Suppose Congress decided to foster a return to mid 19th century competition. What changes would have to occur in the business world? Do you think this could be achieved by legislation?
Question 2: Veblen was a great coiner of phrases. Do you think he hit the mark with “conspicuous consumption,” “conspicuous leisure,” and “pecuniary emulation?” Have you observed any of these monikers in action? Explain.
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