Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 16

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

In the sequence of cultural evolution the emergence of a leisure class coincides with the beginning of ownership. This is necessarily the case, for these two institutions result from the same set of economic forces. In the inchoate phase of their development they are but different aspects of the same general facts of social structure.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 16 · 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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