"Veblen effect" meaning in English

{
  "etymology_templates": [
    {
      "args": {
        "1": "economist",
        "2": "",
        "3": "",
        "4": "",
        "5": ""
      },
      "expansion": "economist",
      "name": "named-after/list"
    },
    {
      "args": {},
      "expansion": "|",
      "name": "!"
    },
    {
      "args": {
        "1": "en",
        "2": "Thorstein Veblen"
      },
      "expansion": "Thorstein Veblen",
      "name": "lang"
    },
    {
      "args": {
        "1": "en",
        "2": "Thorstein Veblen",
        "occ": "economist",
        "wplink": "="
      },
      "expansion": "Named after economist Thorstein Veblen",
      "name": "named-after"
    }
  ],
  "etymology_text": "Named after economist Thorstein Veblen.",
  "forms": [
    {
      "form": "Veblen effects",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Veblen effect (plural Veblen effects)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with 1 entry",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with entries",
          "parents": [],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "2020, Judy Whitehead, Microeconomics: A Global Text, Routledge, →ISBN, page 111:",
          "text": "The Veblen effect, unlike the other two effects, is a response by consumers to the ostentatious price of the good rather than to the quantity others are buying. It is the effect generally known as conspicuous consumption.",
          "type": "quote"
        }
      ],
      "glosses": [
        "Conspicuous consumption."
      ],
      "id": "en-Veblen_effect-en-noun-U3DCbV~F",
      "links": [
        [
          "Conspicuous consumption",
          "conspicuous consumption#English"
        ]
      ],
      "related": [
        {
          "word": "Veblen good"
        }
      ]
    }
  ],
  "word": "Veblen effect"
}

{
  "etymology_templates": [
    {
      "args": {
        "1": "economist",
        "2": "",
        "3": "",
        "4": "",
        "5": ""
      },
      "expansion": "economist",
      "name": "named-after/list"
    },
    {
      "args": {},
      "expansion": "|",
      "name": "!"
    },
    {
      "args": {
        "1": "en",
        "2": "Thorstein Veblen"
      },
      "expansion": "Thorstein Veblen",
      "name": "lang"
    },
    {
      "args": {
        "1": "en",
        "2": "Thorstein Veblen",
        "occ": "economist",
        "wplink": "="
      },
      "expansion": "Named after economist Thorstein Veblen",
      "name": "named-after"
    }
  ],
  "etymology_text": "Named after economist Thorstein Veblen.",
  "forms": [
    {
      "form": "Veblen effects",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Veblen effect (plural Veblen effects)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "Veblen good"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English eponyms",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "Pages with 1 entry",
        "Pages with entries"
      ],
      "examples": [
        {
          "ref": "2020, Judy Whitehead, Microeconomics: A Global Text, Routledge, →ISBN, page 111:",
          "text": "The Veblen effect, unlike the other two effects, is a response by consumers to the ostentatious price of the good rather than to the quantity others are buying. It is the effect generally known as conspicuous consumption.",
          "type": "quote"
        }
      ],
      "glosses": [
        "Conspicuous consumption."
      ],
      "links": [
        [
          "Conspicuous consumption",
          "conspicuous consumption#English"
        ]
      ]
    }
  ],
  "word": "Veblen effect"
}