Is Conspicuous Consumption of Business Leaders Justified and Morally Defensible

International Journal of Management and Marketing Research, v. 11 (1) p. 27-40

14 Pages Posted: 22 Feb 2019

See all articles by Shaheen Borna

Shaheen Borna

Ball State University

Russell G. Wahlers

affiliation not provided to SSRN

Date Written: 2018

Abstract

Over the past couple decades as the accountability of corporate executives has been increasingly scrutinized, the popular business press contains numerous accounts of both corporate and personal spending excesses that have caught the attentions of shareholders, public policy makers, and the public at large. Conspicuous consumptions by corporate managers raises a wide range of issues. This paper attempts to provide some needed balance in understanding managers’ behaviors by drawing some examples from both the historic and more contemporary literature on conspicuous consumption. In this paper, we first demonstrate that conspicuous consumption of corporate leaders can be justified from economic, marketing, and philosophical perspectives. Second, we present a religious perspective in order to provide a contracting view of the morality of conspicuous consumption. Our analysis concludes by offering a perspective rooted in balancing property rights, efficiency, and equity.

Keywords: Conspicuous Consumption, Ethics

JEL Classification: M1, M2, M3, M4

Suggested Citation

Borna, Shaheen and Wahlers, Russell G., Is Conspicuous Consumption of Business Leaders Justified and Morally Defensible (2018). International Journal of Management and Marketing Research, v. 11 (1) p. 27-40. Available at SSRN: https://ssrn.com/abstract=3241775

Shaheen Borna (Contact Author)

Ball State University

Muncie, IN 47306-0340
United States

Russell G. Wahlers

affiliation not provided to SSRN

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