Imagine you are running a five-star hotel. And you’re under pressure to cut costs. You do what you’re supposed to do and bring in the consultants who, after several months of poking around, have a ...

There's a well-worn idea that wealth announces itself loudly. In reality, a lot of what passes for wealth is a carefully ...

One’s behavior sends signals about oneself. From ancient times, luxury has been used as a signal. Drawing on Adam Smith, ...