Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 132

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

It is, of course, equally legitimate to consider these phenomena from a different point of view. They may be appreciated for a different purpose, and the characterization here offered may be turned about. In speaking from the point of view of the devotional interest, or the interest of devout taste, it may, with equal cogency, be said that the spiritual attitude bred in men by the modern industrial life is unfavorable to a free development of the life of faith. It might fairly be objected to the later development of the industrial process that its discipline tends to "materialism," to the elimination of filial piety. From the aesthetic point of view, again, something to a similar purport might be said. But, however legitimate and valuable these and the like reflections may be for their purpose, they would not be in place in the present inquiry, which is exclusively concerned with the valuation of these phenomena from the economic point of view.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 132 · 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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