Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 147

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

The influence of the leisure class is not consistently for or against the rehabilitation of this proto-anthropoid human nature. So far as concerns the chance of survival of individuals endowed with an exceptionally large share of the primitive traits, the sheltered position of the class favors its members directly by withdrawing them from the pecuniary struggle; but indirectly, through the leisure-class canons of conspicuous waste of goods and effort, the institution of a leisure class lessens the chance of survival of such individuals in the entire body of the population. The decent requirements of waste absorb the surplus energy of the population in an invidious struggle and leave no margin for the non-invidious expression of life. The remoter, less tangible, spiritual effects of the discipline of decency go in the same direction and work perhaps more effectually to the same end. The canons of decent life are an elaboration of the principle of invidious comparison, and they accordingly act consistently to inhibit all non-invidious effort and to inculcate the self-regarding attitude.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 147 · 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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