The key difference between Georg Simmel and Thorstein Veblen's theories of stratified consumption is that Simmel thinks the lower classes invent their own fashionable styles,while Veblen thinks they simply mimic the taste of the upper class.

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The key difference between Georg Simmel and Thorstein Veblen's theories of stratified consumption is that Simmel believes that the lower classes imitate the upper class in terms of their clothing and fashion choices, while Veblen argues that the lower classes develop their own distinctive styles as a way of distinguishing themselves from the upper class.

The Key Difference Between Georg Simmel and Thorstein Veblen's Theories