Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 23
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
But as soon as the custom of individual ownership begins to gain consistency, the point of view taken in making the invidious comparison on which private property rests will begin to change. Indeed, the one change is but the reflex of the other. The initial phase of ownership, the phase of acquisition by naive seizure and conversion, begins to pass into the subsequent stage of an incipient organization of industry on the basis of private property (in slaves); the horde develops into a more or less self-sufficing industrial community; possessions then come to be valued not so much as evidence of successful foray, but rather as evidence of the prepotence of the possessor of these goods over other individuals within the community. The invidious comparison now becomes primarily a comparison of the owner with the other members of the group. Property is still of the nature of trophy, but, with the cultural advance, it becomes more and more a trophy of successes scored in the game of ownership carried on between the members of the group under the quasi-peaceable methods of nomadic life.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 23 · Verified:2026-10-19 · Verification:Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
公版作品;原文逐字取自 Project Gutenberg,仅摘录段落并附全书链接。
Your email
Used only to send Originals. No ads, no list selling.
This text is in the public domain. The edition and source link are above. Copyright