A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual. (Thorstein Veblen)

A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.

Thorstein Veblen

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almost expenditure habit habitual living nature once recession scale standard acts

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