Apple's iPhones are often seen as a luxury product that only the rich can afford. However, things are changing, even if only slowly. Easier...

Luxury goods tend to stretch the price frontier, but their inflationary effects are swept aside by minuscule consumption.

Whether its typewriters or vaccines, it’s a Cache-22 of conspicuous non-consumption.

With the booming economy and improving living standards since the mid of the twentieth century, India has witnessed a steep rise in consume...