Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 30

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

This direct, subjective value of leisure and of other evidences of wealth is no doubt in great part secondary and derivative. It is in part a reflex of the utility of leisure as a means of gaining the respect of others, and in part it is the result of a mental substitution. The performance of labour has been accepted as a conventional evidence of inferior force; therefore it comes itself, by a mental short-cut, to be regarded as intrinsically base.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 30 · 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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