Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 24

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

Those members of the community who fall short of this, somewhat indefinite, normal degree of prowess or of property suffer in the esteem of their fellow-men; and consequently they suffer also in their own esteem, since the usual basis of self-respect is the respect accorded by one's neighbours. Only individuals with an aberrant temperament can in the long run retain their self-esteem in the face of the disesteem of their fellows. Apparent exceptions to the rule are met with, especially among people with strong religious convictions. But these apparent exceptions are scarcely real exceptions, since such persons commonly fall back on the putative approbation of some supernatural witness of their deeds.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 24 · 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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