Who made these statements? "Conspicuous consumption of valuable goods is a means of reputability to the gentlemen of leisure." "With the exception of the instinct of self-preservation,the propensity for emulation is probably the strongest and most alert and most persistent of the economic motives proper".

A) John Maynard Keynes
B) Milton Friedman
C) Murray Weidenbaum
D) Thorstein Veblen
E) John Kenneth Galbraith

Conspicuous Consumption

A term coined by Thorstein Veblen, referring to the spending of money on luxury goods and services to publicly display economic power—the consumption for the sake of prestige or status rather than utility.

Reputability

Refers to the quality or state of being reputable, widely respected, and honored by others, often used in the context of individuals, organizations, or businesses.

Leisure

Time spent away from work and essential domestic activities, typically used for relaxation, recreation, or personal interests.