Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 20

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

In this way a consistent system of property in goods is gradually installed. And although in the latest stages of the development, the serviceability of goods for consumption has come to be the most obtrusive element of their value, still, wealth has by no means yet lost its utility as a honorific evidence of the owner's prepotence.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 20 · 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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