Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 108
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
The educative action of the economic life of the community, therefore, is not of a uniform kind throughout all its manifestations. That range of economic activities which is concerned immediately with pecuniary competition has a tendency to conserve certain predatory traits; while those industrial occupations which have to do immediately with the production of goods have in the main the contrary tendency. But with regard to the latter class of employments it is to be noticed in qualification that the persons engaged in them are nearly all to some extent also concerned with matters of pecuniary competition (as, for instance, in the competitive fixing of wages and salaries, in the purchase of goods for consumption, etc.). Therefore the distinction here made between classes of employments is by no means a hard and fast distinction between classes of persons.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 108 · Verified:2026-10-19 · Verification:Short excerpt
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