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Thorstein Veblen Quotes

Economist

Thorstein Veblen was an American economist known for his sociological perspective on economics and his critical analysis of economic theories. His work, 'The Theory of the Leisure Class,' had a profound impact on later economics and sociology.

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All Leisure Conspicuous Consumption Class Mean Aesthetic Goods Habit Waste Wealth Beautiful Business Community Consumption Effort Eye Individual Self Standards Use Apprehension

Famous Thorstein Veblen Quotes

“The early ascendancy of leisure as a means of reputability is traceable to the archaic distinction between noble and ignoble employments. Leisure is honourable and becomes imperative partly because it shows exemption from ignoble labour.”

Mean Shows Noble Employment Distinction Labour Leisure Imperatives Ignoble Exemption Ascendancy

Book:The Theory of the Leisure Class

Source: The Theory of the Leisure Class

“It is a matter of course and of absolute necessity to the conduct of business, that any discretionary businessman must be free to deal or not to deal in any given case; to limit or withhold the equipment under his control, without reservation. Business discretion and business strategy, in fact, has no other means by to work out its aims. So that, in effect, all business sagacity reduces itself in the last analysis to judicious use of sabotage.”

Source: The Nature of Peace

“In the rare cases where it occurs, a failure to increase one's visible consumption when the means for an increase are at hand is felt in popular apprehension to call for explanation, and unworthy motives of miserliness are imputed.”

Mean Hands Felt Cases Increase Explanation Motive Visible Consumption Unworthy Apprehension

Book:BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

Source: BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

“The office of the leisure class in social evolution is to retard the movement and to conserve what is obsolescent. This proposition is by no means novel; it has long been one of the commonplaces of popular opinion.”

Mean Long Social Opinion Class Novel Movement Evolution Office Leisure Propositions Commonplace Retard Popular Opinion

Book:The Theory of the Leisure Class

Source: The Theory of the Leisure Class

“Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.”

Mean Valuable Gentleman Goods Leisure Consumption Conspicuous Consumption Perfect Gentleman

Author:Thorstein Veblen

“The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.”

Mean Names Community Bases Organized Goods Leisure Consumption Retaining Conspicuous Consumption

Book:THE THEORY OF THE LEISURE CLASS: An Economic Study of American Institutions and a Social Critique of Conspicuous Consumption: Development of Institutions That Shape Society and Influence the Livelihood of Citizens: Based on Sociological & Economical Theories of Charles Darwin, Karl Marx, Adam Smith and Herbert Spencer

Source: THE THEORY OF THE LEISURE CLASS: An Economic Study of American Institutions and a Social Critique of Conspicuous Consumption: Development of Institutions That Shape Society and Influence the Livelihood of Citizens: Based on Sociological & Economical Theories of Charles Darwin, Karl Marx, Adam Smith and Herbert Spencer