Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 5

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

But the change of standards and points of view is gradual only, and it seldom results in the subversion or entire suppression of a standpoint once accepted. A distinction is still habitually made between industrial and non-industrial occupations; and this modern distinction is a transmuted form of the barbarian distinction between exploit and drudgery. Such employments as warfare, politics, public worship, and public merrymaking, are felt, in the popular apprehension, to differ intrinsically from the labour that has to do with elaborating the material means of life. The precise line of demarcation is not the same as it was in the early barbarian scheme, but the broad distinction has not fallen into disuse.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 5 · 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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