Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 66

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

Today a divergence in ideals is beginning to be apparent. The portion of the leisure class that has been consistently exempt from work and from pecuniary cares for a generation or more is now large enough to form and sustain opinion in matters of taste. Increased mobility of the members has also added to the facility with which a "social confirmation" can be attained within the class. Within this select class the exemption from thrift is a matter so commonplace as to have lost much of its utility as a basis of pecuniary decency. Therefore the latter-day upper-class canons of taste do not so consistently insist on an unremitting demonstration of expensiveness and a strict exclusion of the appearance of thrift. So, a predilection for the rustic and the "natural" in parks and grounds makes its appearance on these higher social and intellectual levels. This predilection is in large part an outcropping of the instinct of workmanship; and it works out its results with varying degrees of consistency. It is seldom altogether unaffected, and at times it shades off into something not widely different from that make-believe of rusticity which has been referred to above.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 66 · 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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