Thorstein Veblen was an American economist and sociologist of the late 19th and early 20th century. He is best known for his book The Theory of the Leisure Class, which introduced the term "conspicuous consumption." Veblen was a leading intellectual of the progressive era, and his work continues to influence contemporary economic thought.
What is the most famous quote by Thorstein Veblen ?
The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.— Thorstein Veblen
What can you learn from Thorstein Veblen (Life Lessons)
- Thorstein Veblen taught us to be critical of the status quo and question the norms of society. He believed that our economic systems should be focused on the collective good, not just the interests of the wealthy.
- Veblen also showed us the importance of understanding our economic systems and how they shape our lives. He argued that we should be aware of the motivations behind economic decisions and how they affect our lives.
- Finally, Veblen taught us to be mindful of our consumption habits and to think about how our choices impact the world around us. He argued that our economic choices should be based on the collective good, not just our own interests.
The most beautiful Thorstein Veblen quotes that may be undiscovered and unusual
Following is a list of the best quotes, including various Thorstein Veblen inspirational quotes, and other famous sayings by Thorstein Veblen.
Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.
In point of substantial merit the law school belongs in the modern university no more than a school of fencing or dancing.
Labor wants pride and joy in doing good work, a sense of making or doing something beautiful or useful - to be treated with dignity and respect as brother and sister.
The thief or swindler who has gained great wealth by his delinquency has a better chance than the small thief of escaping the rigorous penalty of the law.
The dog commends himself to our favor by affording play to our propensity for mastery
Born in iniquity and conceived in sin, the spirit of nationalism has never ceased to bend human institutions to the service of dissension and distress.
All business sagacity reduces itself in the last analysis to judicious use of sabotage.
A protective tariff is a typical conspiracy in restraint of trade.
Institutional quotes by Thorstein Veblen
The requirement of conspicuous wastefulness is.
.. present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.
Abstention from labor is the conventional evidence of wealth and is therefore the conventional mark of social standing.
The addiction to sports, therefore, in a peculiar degree marks an arrested development in man's moral nature.
The walking stick serves the purpose of an advertisement that the bearer's hands are employed otherwise than in useful effort, and it therefore has utility as an evidence of leisure.
No one travelling on a business trip would be missed if he failed to arrive.
Invention is the mother of necessity.
In itself and in its consequences the life of leisure is beautiful and ennobling in all civilised men's eyes.
While the proximate ground of discrimination may be of another kind, still the pervading principle and abiding test of good breeding is the requirement of a substantial and patent waste of time.
Quotations by Thorstein Veblen that are critique and consumption
There are few things that so touch us with instinctive revulsion as a breach of decorum.
It frequently happens that an element of the standard of living which set out with being primarily wasteful, ends with becoming, in the apprehension of the consumer, a necessary of life.
In aesthetic theory it might be extremely difficult, if not quite impracticable, to draw a line between the canon of classicism, or regard for the archaic, and the canon of beauty.
With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper.
In the rare cases where it occurs, a failure to increase one's visible consumption when the means for an increase are at hand is felt in popular apprehension to call for explanation, and unworthy motives of miserliness are imputed.
The institution of a leisure class has emerged gradually during the transition from primitive savagery to barbarism; or more precisely, during the transition from a peaceable to a consistently warlike habit of life.
The early ascendancy of leisure as a means of reputability is traceable to the archaic distinction between noble and ignoble employments. Leisure is honourable and becomes imperative partly because it shows exemption from ignoble labour.
So soon as the possession of property becomes the basis of popular esteem, therefore, it becomes also a requisite to that complacency which we call self-respect.
The individual's habits of thought make an organic complex, the trend of which is necessarily in the direction of serviceability to the life process. When it is attempted to assimilate systematic waste or futility, as an end in life, into this organic complex, there presently supervenes a revulsion.
Conservatism is the maintenance of conventions already in force.
The domestic life of most classes is relatively shabby, as compared with the éclat of that overt portion of their life that is carried on before the eyes of observers.
The taste of the more recent accessions to the leisure class proper and of the middle and lower classes still requires a pecuniary beauty to supplement the aesthetic beauty, even in those objects which are primarily admired for the beauty that belongs to them as natural growths.
In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.
Beauty is commonly a gratification of our sense of costliness masquerading under the name of beauty.
It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community.
The visible imperfections of hand-wrought goods, being honorific, are accounted marks of superiority in point of beauty, or serviceability, or both.
The machine technology takes no cognizance of conventionally established rules of precedence; it knows neither manners nor breeding and can make no use of any of the attributes of worth.
The superior excellence imputed to the book, which imitates the products of antique and obsolete processes, is conceived to be chiefly a superior utility in the aesthetic respect; but it is not unusual to find a well-bred book-lover insisting that the clumsier product is also more serviceable as a vehicle of printed speech.
From the ownership of women the concept of ownership extends itself to include the products of their industry, and so there arises the ownership of things as well as of persons.
The aesthetic serviceability of objects of beauty is not greatly nor universally heightened by possession.
The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods
Loud dress becomes offensive to people of taste, as evincing an undue desire to reach and impress the untrained sensibilities of the vulgar.
The first duty of an editor is to gauge the sentiment of his reader, and then to tell them what they like to believe.
Into the cultural and technological system of the modern world, the patriotic spirit fits like dust in the eyes and sand in the bearings. Its net contribution to the outcome is obscuration, distrust, and retardation at every point where it touches the fortunes of modern mankind.
English orthography satisfies all the requirements of the canons of reputability under the law of conspicuous waste. It is archaic, cumbrous, and ineffective; its acquisition consumes much time and effort; failure to acquire it is easy of detection.
With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper. In an industrial community this propensity for emulation expresses itself in pecuniary emulation; and this, so far as regards the Western civilized communities of the present, is virtually equivalent to saying that it expresses itself in some form of conspicuous waste.
As a matter of selective necessity, man is an agent.
He is, in his own apprehension, a centre of unfolding impulsive activity-'teleological activity.' He is an agent seeking in every act the accomplishment of some concrete, objective, impersonal end. By force of being such an agent, he is possessed of a taste for effective work, and a distaste for futile effort.
The corset is?a mutilation, undergone for the purpose of lowering the subject's vitalityand rendering her permanentlyand obviously unfit for work.
It is a matter of course and of absolute necessity to the conduct of business, that any discretionary businessman must be free to deal or not to deal in any given case; to limit or withhold the equipment under his control, without reservation. Business discretion and business strategy, in fact, has no other means by to work out its aims. So that, in effect, all business sagacity reduces itself in the last analysis to judicious use of sabotage.
A standard of living is of the nature of habit.
...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.
Only individuals with an aberrant temperament can in the long run retain their self-esteem in the face of the disesteem of their fellows.
It is much more difficult to recede from a scale of expenditure once adopted than it is to extend the accustomed scale in response to an accession of wealth.
The possession of wealth confers honor; it is an invidious distinction.