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In short both the things we feel we need and the things available for us to buy depend largely—beyond some point, almost entirely—on the things that others choose to buy.

Robert H. Frank
Needs, Feels, Depends
Robert H. Frank (2001). “Luxury Fever: Why Money Fails to Satisfy In An Era of Excess”, p.11, Simon and Schuster
In short both the things we feel we need and the things available for us to buy depend largely—beyond some point, almost entirely—on the things that others choose to buy.