Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 31

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

Even if the institution of a leisure class had not come in with the first emergence of individual ownership, by force of the dishonour attaching to productive employment, it would in any case have come in as one of the early consequences of ownership. And it is to be remarked that while the leisure class existed in theory from the beginning of predatory culture, the institution takes on a new and fuller meaning with the transition from the predatory to the next succeeding pecuniary stage of culture. It is from this time forth a "leisure class" in fact as well as in theory. From this point dates the institution of the leisure class in its consummate form.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 31 · 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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