Thorstein Veblen：The Theory of the Leisure Class, Excerpt 95

But after all has been said on the head of conservation of the good old ways, it remains true that institutions change and develop. There is a cumulative growth of customs and habits of thought; a selective adaptation of conventions and methods of life. Something is to be said of the office of the leisure class in guiding this growth as well as in retarding it; but little can be said here of its relation to institutional growth except as it touches the institutions that are primarily and immediately of an economic character. These institutions--the economic structure--may be roughly distinguished into two classes or categories, according as they serve one or the other of two divergent purposes of economic life.

Source： https://www.gutenberg.org/ebooks/833
Locator：Excerpt 95 · Verified：2026-10-19 · Verification：Short excerpt

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