Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 160

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

In this respect the classics have until lately had scarcely a rival. They still have no dangerous rival on the continent of Europe, but lately, since college athletics have won their way into a recognized standing as an accredited field of scholarly accomplishment, this latter branch of learning--if athletics may be freely classed as learning--has become a rival of the classics for the primacy in leisure-class education in American and English schools. Athletics have an obvious advantage over the classics for the purpose of leisure-class learning, since success as an athlete presumes, not only waste of time, but also waste of money, as well as the possession of certain highly unindustrial archaic traits of character and temperament. In the German universities the place of athletics and Greek-letter fraternities, as a leisure-class scholarly occupation, has in some measure been supplied by a skilled and graded inebriety and a perfunctory duelling.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 160 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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