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.

Khan, M. S. (2011). Neoclassical Versus Keynesian Approach to Public Policy-The Need for Synthesis.

Retrieved from MPR: https://mpra.ub.uni-muenchen.de/62856/1/MPRA_paper_62856.pdf

Reich, M. (1981). White Workers are Hurt by Racism: Econometric Evidence. In Racial Inequality: A Political-Economic Analysis. PRINCETON, NEW JERSEY: Princeton University Press. doi:10.2307/j.ctt1m321vn.12.

Satzewich, V. (1999). The Political Economy of Race and Ethnicity . Don Mills: Race and Ethnic Relations in Canada, 2nd edition (pp. 315-346): Oxford University Press.