Explain the significance of "conspicuous consumption? Are Veblen's arguments convincing?

Site sources and refer to:

Hunt, E. K., & Lautzenheiser, M. (2011). History of Economic Thought: A Critical Perspective. 3rd ed. New York: M. E. Sharpe.

https://eclass.uoa.gr/modules/document/file.php/ECON616/E.%20K.%20Hunt%2C%20Mark%20Lautzenheiser%20-%20History%20of%20Economic%20Thought_%20A%20Critical%20Perspective-M.E.%20Sharpe%20%282011%29.pdf