Investing · Western classics

Thorstein Veblen:The Theory of the Leisure Class, Excerpt 69

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

The popular taste in these matters is to be seen in the prevalent high appreciation of topiary work and of the conventional flower-beds of public grounds. Perhaps as happy an illustration as may be had of this dominance of pecuniary beauty over aesthetic beauty in middle-class tastes is seen in the reconstruction of the grounds lately occupied by the Columbian Exposition. The evidence goes to show that the requirement of reputable expensiveness is still present in good vigor even where all ostensibly lavish display is avoided. The artistic effects actually wrought in this work of reconstruction diverge somewhat widely from the effect to which the same ground would have lent itself in hands not guided by pecuniary canons of taste. And even the better class of the city's population view the progress of the work with an unreserved approval which suggests that there is in this case little if any discrepancy between the tastes of the upper and the lower or middle classes of the city. The sense of beauty in the population of this representative city of the advanced pecuniary culture is very chary of any departure from its great cultural principle of conspicuous waste.

Source: https://www.gutenberg.org/ebooks/833
Locator:Excerpt 69 · 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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