Investing · Western classics
Thorstein Veblen:The Theory of the Leisure Class, Excerpt 75
Thorstein Veblen《The Theory of the Leisure Class》· The Theory of the Leisure Class · Investing
The appreciation of those evidences of honorific crudeness to which hand-wrought goods owe their superior worth and charm in the eyes of well-bred people is a matter of nice discrimination. It requires training and the formation of right habits of thought with respect to what may be called the physiognomy of goods. Machine-made goods of daily use are often admired and preferred precisely on account of their excessive perfection by the vulgar and the underbred who have not given due thought to the punctilios of elegant consumption. The ceremonial inferiority of machine products goes to show that the perfection of skill and workmanship embodied in any costly innovations in the finish of goods is not sufficient of itself to secure them acceptance and permanent favor. The innovation must have the support of the canon of conspicuous waste. Any feature in the physiognomy of goods, however pleasing in itself, and however well it may approve itself to the taste for effective work, will not be tolerated if it proves obnoxious to this norm of pecuniary reputability.
Source:
https://www.gutenberg.org/ebooks/833
Locator:Excerpt 75 · 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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