Mises Daily
Author:
David Gordon
Online Publish Date:
[ Review of Luxury Fever: Why Money Fails To Satisfy in an Era of Excess by Robert H. Frank (The Free Press, 1999, ix + 326 pgs.) This preview is from the Spring 2000 issue of The Mises Review .] In 1958, John Kenneth Galbraith assailed American spending patterns. Consumers, he told us in The Affluent Society, spend too much on such fripperies as