ABOUT ME

I was born and raised in Greece. I studied Philosophy (MA) & Business Administration, BA (Hons) in Universities in the United Kingdom. My research interests are: Aesthetics, Applied Ethics, Business Ethics, Epistemology, Social Philosophy & Philosophy of Decision Making. 

I have deep knowledge about Aesthetics (branch of Philosophy) and Luxury Watches.

I am the Author of Philosophy Book: Aesthetics - The nature of Beauty  and a  Collector of Luxury Watches respectively. I can analyze you thoroughly how Aesthetics is related to Luxury Watches and what is the role of Modernism and Postmodernism in the art of the watch. 

Finally, my ultimate goal is to create a Luxury Philosophical Discussion giving great aesthetic value and pleasure!

**Facebook Group | R**ex Watches & More | Philosophy & Art of the Watch. https://www.facebook.com/groups/279008518531867

I upload there videos & photos!! Become a Member and Stay Tuned!!

INNOVATIVE IDEAS BY LEONIDAS OIKONOMOU - INSPIRED BY THE BOOK: THE THEORY OF THE LEISURE CLASS ( AUTHOR: THORSTEIN VEBLEN, PUBLISHED 1899) 

The History of Veblen Goods

Veblen goods are named after American economist Thorstein Veblen, who first identified conspicuous consumption as a mode of status-seeking in the book: The Theory of the Leisure Class (Published 1899).The testability of this theory was questioned by Colin Campbell due to the lack of complete honesty from research participants. However, a research in 2007 studying the effect of social comparison on human brains can be used as an evidence supporting Veblen. The idea that seeking status can be an incentive to spend was also later discussed by Fred Hirsch.

A Veblen good is a type of luxury good for which the demand for a good increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve. The higher prices of Veblen goods may make them desirable as a status symbol in the practices of conspicuous consumption and conspicuous leisure. A product may be a Veblen good because it is a positional good, something few others can own

This situation is derived by the desire to own unusual, expensive or unique goods. For consumers who want to use exclusive products, price is quality. These goods usually have a high economic value. Examples of such items are: Luxury Jewelries, Luxury Watches, Luxury Classic Cars, Luxury Clothes, Luxury Shoes, Luxury Pencils, Luxury Lighters and Luxury Bags