A rich society can afford the consumption good of studying impractical subjects (e.g., 17th century French sonnets), but students should understand such majors are consumption goods, not credentials for employment.

normativepending

Speaker

Donald Boudreaux

Evidence Quote

rich society... can major in something that has few job prospects... consumption good... no one's going to employ you to pontificate about 17th century French sonnets

Source

Why You're Getting Poorer: Major Slowdown Ahead | Donald BoudreauxDavid Lin
Created: 8/11/2026, 7:16:28 AM

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