This claims:
[Veblen] was the first to put into words the notion that people's
self-esteem is tied directly to what they own, that "as the
possession of property becomes the basis of popular esteem,
therefore, it also becomes a requisite to the complacency which we
call self-respect."
Actually, I think Adam Smith preceded Veblen in this by about 140 years in his *Theory of Moral Sentiments*. I'll check later when I get home to be sure, though.
Bill