Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 10
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
During that primitive phase of social development, when the community is still habitually peaceable, perhaps sedentary, and without a developed system of individual ownership, the efficiency of the individual can be shown chiefly and most consistently in some employment that goes to further the life of the group. What emulation of an economic kind there is between the members of such a group will be chiefly emulation in industrial serviceability. At the same time the incentive to emulation is not strong, nor is the scope for emulation large.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 10 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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