Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 3

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

These communities that are without a defined leisure class resemble one another also in certain other features of their social structure and manner of life. They are small groups and of a simple (archaic) structure; they are commonly peaceable and sedentary; they are poor; and individual ownership is not a dominant feature of their economic system. At the same time it does not follow that these are the smallest of existing communities, or that their social structure is in all respects the least differentiated; nor does the class necessarily include all primitive communities which have no defined system of individual ownership. But it is to be noted that the class seems to include the most peaceable--perhaps all the characteristically peaceable--primitive groups of men. Indeed, the most notable trait common to members of such communities is a certain amiable inefficiency when confronted with force or fraud.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 3 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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