As is well known, Veblen goes on to impute a variety of functions
to the pattern of conspicuous consumption--functions of aggrandizement
of status, of validation of status, of "good repute," of display of pecuniary
strength (p. 84). These consequences, as experienced by participants
in the patterned activity, are gratifying and go far toward explaining
the continuance of the pattern. The clues to the imputed functions
are provided almost wholly by the description of the pattern itself which
includes explicit references to (1) the status of those differentially
exhibiting the pattern, (2) known alternatives to the pattern of consuming
in terms of display and "wastefulness" rather than in terms of private
and "intrinsic" enjoyment of the item of consumption; and (3) the diverse
meanings culturally ascribed to the behavior of conspicuous consumption
by participants in and observers of the pattern (1968, p. 112).