Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 57
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
The principle of conspicuous waste guides the formation of habits of thought as to what is honest and reputable in life and in commodities. In so doing, this principle will traverse other norms of conduct which do not primarily have to do with the code of pecuniary honor, but which have, directly or incidentally, an economic significance of some magnitude. So the canon of honorific waste may, immediately or remotely, influence the sense of duty, the sense of beauty, the sense of utility, the sense of devotional or ritualistic fitness, and the scientific sense of truth.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 57 · 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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