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A new way of looking at race and conspicuous consumption. - By Ray Fisman - Slate Magazine by zecg
"...the further a family of either race slips behind the average income of nearby households of the same race (becoming too poor to compete in the signaling game), the less it spends on these visible goods."
posted 10 months ago in wealth, consumerism, psychology ( 3 views | 1 jaa | reply )

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