Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 137

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

From the point of view which the modern industrial life inculcates, phenomena are habitually subsumed under the quantitative relation of mechanical sequence. The indigent classes not only fall short of the modicum of leisure necessary in order to appropriate and assimilate the more recent generalizations of science which this point of view involves, but they also ordinarily stand in such a relation of personal dependence or subservience to their pecuniary superiors as materially to retard their emancipation from habits of thought proper to the regime of status. The result is that these classes in some measure retain that general habit of mind the chief expression of which is a strong sense of personal status, and of which devoutness is one feature.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 137 · 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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