Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 28
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
But it is otherwise with the superior pecuniary class, with which we are here immediately concerned. For this class also the incentive to diligence and thrift is not absent; but its action is so greatly qualified by the secondary demands of pecuniary emulation, that any inclination in this direction is practically overborne and any incentive to diligence tends to be of no effect. The most imperative of these secondary demands of emulation, as well as the one of widest scope, is the requirement of abstention from productive work. This is true in an especial degree for the barbarian stage of culture. During the predatory culture labour comes to be associated in men's habits of thought with weakness and subjection to a master. It is therefore a mark of inferiority, and therefore comes to be accounted unworthy of man in his best estate. By virtue of this tradition labour is felt to be debasing, and this tradition has never died out. On the contrary, with the advance of social differentiation it has acquired the axiomatic force due to ancient and unquestioned prescription.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 28 · Verified:2026-10-19 · Verification:Short excerpt
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