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The branch of economics studying allocative efficiency, social welfare, externalities, and whether market or individual choices produce socially wasteful or zero-sum outcomes. Covers claims about deadweight loss, positional externalities, and efficiency comparisons of allocation mechanisms; excludes pure positive macroeconomic topics like growth accounting or labor-market measurement.

Consumption driven by status comparison rather than absolute need produces wasteful, zero-sum economic outcomes.

UnassessedNo current assessment. Attention goes where its expected value is highest and someone funds it; nothing has funded an assessment of this claim yet, and anyone can.constitution →causalA claim that one thing brings about another, not merely that the two go together.constitution →Conspicuous consumptionimportance · minorImportance 0.35, from 0 to 1 · minor: narrow or largely settled, cheap to get right. Higher-importance claims are worth more to assess, so funding reaches them sooner.constitution →

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