Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 71
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
The fast horse, then, is aesthetically fortunate, in that the canon of pecuniary good repute legitimates a free appreciation of whatever beauty or serviceability he may possess. His pretensions have the countenance of the principle of conspicuous waste and the backing of the predatory aptitude for dominance and emulation. The horse is, moreover, a beautiful animal, although the race-horse is so in no peculiar degree to the uninstructed taste of those persons who belong neither in the class of race-horse fanciers nor in the class whose sense of beauty is held in abeyance by the moral constraint of the horse fancier's award. To this untutored taste the most beautiful horse seems to be a form which has suffered less radical alteration than the race-horse under the breeder's selective development of the animal. Still, when a writer or speaker--especially of those whose eloquence is most consistently commonplace wants an illustration of animal grace and serviceability, for rhetorical use, he habitually turns to the horse; and he commonly makes it plain before he is done that what he has in mind is the race-horse.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 71 · 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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