The psychology of extravagance – The Hindu
[ad_1] If anything, the undignified display of wealth by a billionaire during and in the run-up to a recently held family wedding shows how vanity clouds the capacity of most Indian billionaires to recognise the stark contemporaneity of their folies de grandeur, inequality, and abject poverty. Economists Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and…