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Quote by Thorstein Veblen

“From the ownership of women the concept of ownership extends itself to include the products of their industry, and so there arises the ownership of things as well as of persons.”

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

Work

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

The Theory of the Leisure Class is a comprehensive economic analysis that examines the social and economic structures of the United States. It delves into the concept of conspicuous consumption and its role in shaping societal institutions. The book integrates sociological and economical theories from prominent thinkers such as Charles Darwin, Karl Marx, Adam Smith, and Herbert Spencer to provide a nuanced understanding of the factors influencing the livelihood of citizens. It serves as a critical examination of the economic and social dynamics at play in American society. more

Author

Thorstein Veblen

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. more

Book:THORSTEIN VEBLEN Ultimate Collection: 8 Books & 50+ Business Essays and Articles in Warfare and Economics: The Theory of the Leisure Class, The Theory of Business Enterprise, The Higher Learning In America, Panem et Circenses, The Vested Interests and the Common Man, The Use of Loan Credit in Business…

Source: THORSTEIN VEBLEN Ultimate Collection: 8 Books & 50+ Business Essays and Articles in Warfare and Economics: The Theory of the Leisure Class, The Theory of Business Enterprise, The Higher Learning In America, Panem et Circenses, The Vested Interests and the Common Man, The Use of Loan Credit in Business…

“It frequently happens that an element of the standard of living which set out with being primarily wasteful, ends with becoming, in the apprehension of the consumer, a necessary of life.”

Ends Happens Becoming Elements Standards Consumers Apprehension Standards Of Living

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

“It is much more difficult to recede from a scale of expenditure once adopted than it is to extend the accustomed scale in response to an accession of wealth.”

Difficult Wealth Response Scales Accustomed Adopted Expenditures

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…

“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

“A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.”

Habit Standards Scales Recessions Habitual Standards Of Living Expenditures

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

“The domestic life of most classes is relatively shabby, as compared with the éclat of that overt portion of their life that is carried on before the eyes of observers.”

Eye Class Portions Observers Shabby Domestic Life

Book:The Theory of the Leisure Class

Source: The Theory of the Leisure Class

“The thief or swindler who has gained great wealth by his delinquency has a better chance than the small thief of escaping the rigorous penalty of the law.”

Law Wealth Chance Thieves Penalties Escaping Delinquency Swindlers

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

“The requirement of conspicuous wastefulness is... present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.”

Beautiful Requirements Norm Sustaining Wastefulness

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism