Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 128

Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing

It has already been noted in an earlier connection, that in order to have the highest serviceability in the complex industrial processes of today, the individual must be endowed with the aptitude and the habit of readily apprehending and relating facts in terms of causal sequence. Both as a whole and in its details, the industrial process is a process of quantitative causation. The "intelligence" demanded of the workman, as well as of the director of an industrial process, is little else than a degree of facility in the apprehension of and adaptation to a quantitatively determined causal sequence. This facility of apprehension and adaptation is what is lacking in stupid workmen, and the growth of this facility is the end sought in their education--so far as their education aims to enhance their industrial efficiency.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 128 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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