Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 143

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

In the later and farther development of the pecuniary culture, the requirement of withdrawal from the industrial process in order to avoid social odium is carried so far as to comprise abstention from the emulative employments. At this advanced stage the pecuniary culture negatively favors the assertion of the non-invidious propensities by relaxing the stress laid on the merit of emulative, predatory, or pecuniary occupations, as compared with those of an industrial or productive kind. As was noticed above, the requirement of such withdrawal from all employment that is of human use applies more rigorously to the upper-class women than to any other class, unless the priesthood of certain cults might be cited as an exception, perhaps more apparent than real, to this rule. The reason for the more extreme insistence on a futile life for this class of women than for the men of the same pecuniary and social grade lies in their being not only an upper-grade leisure class but also at the same time a vicarious leisure class. There is in their case a double ground for a consistent withdrawal from useful effort.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 143 · 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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