Thorstein Veblen：The Theory of the Leisure Class, Excerpt 106

On the other hand, the immediate interest of the individual under the competitive regime is best served by shrewd trading and unscrupulous management. The characteristics named above as serving the interests of the community are disserviceable to the individual, rather than otherwise. The presence of these aptitudes in his make-up diverts his energies to other ends than those of pecuniary gain; and also in his pursuit of gain they lead him to seek gain by the indirect and ineffectual channels of industry, rather than by a free and unfaltering career of sharp practice. The industrial aptitudes are pretty consistently a hindrance to the individual. Under the regime of emulation the members of a modern industrial community are rivals, each of whom will best attain his individual and immediate advantage if, through an exceptional exemption from scruple, he is able serenely to overreach and injure his fellows when the chance offers.

Source： https://www.gutenberg.org/ebooks/833
Locator：Excerpt 106 · Verified：2026-10-19 · Verification：Short excerpt

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