Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 101
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
Under the guidance of the later biological and psychological science, human nature will have to be restated in terms of habit; and in the restatement, this, in outline, appears to be the only assignable place and ground of these traits. These habits of life are of too pervading a character to be ascribed to the influence of a late or brief discipline. The ease with which they are temporarily overborne by the special exigencies of recent and modern life argues that these habits are the surviving effects of a discipline of extremely ancient date, from the teachings of which men have frequently been constrained to depart in detail under the altered circumstances of a later time; and the almost ubiquitous fashion in which they assert themselves whenever the pressure of special exigencies is relieved, argues that the process by which the traits were fixed and incorporated into the spiritual make-up of the type must have lasted for a relatively very long time and without serious intermission. The point is not seriously affected by any question as to whether it was a process of habituation in the old-fashioned sense of the word or a process of selective adaptation of the race.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 101 · 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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