Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 27

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

In making use of the term "invidious", it may perhaps be unnecessary to remark, there is no intention to extol or depreciate, or to commend or deplore any of the phenomena which the word is used to characterise. The term is used in a technical sense as describing a comparison of persons with a view to rating and grading them in respect of relative worth or value--in an aesthetic or moral sense--and so awarding and defining the relative degrees of complacency with which they may legitimately be contemplated by themselves and by others. An invidious comparison is a process of valuation of persons in respect of worth.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 27 · 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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