Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 146

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

The habits derived from the predatory and quasi-peaceable culture are relatively ephemeral variants of certain underlying propensities and mental characteristics of the race; which it owes to the protracted discipline of the earlier, proto-anthropoid cultural stage of peaceable, relatively undifferentiated economic life carried on in contact with a relatively simple and invariable material environment. When the habits superinduced by the emulative method of life have ceased to enjoy the section of existing economic exigencies, a process of disintegration sets in whereby the habits of thought of more recent growth and of a less generic character to some extent yield the ground before the more ancient and more pervading spiritual characteristics of the race.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 146 · 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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