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Theory of the Leisure Class

Thorstein Veblen

Book Overview: 

Originally published by the Norwegian-American economist Thorstein Veblen while he was a professor at the University of Chicago, the Theory of the Leisure Class is considered one of the great works of economics as well as the first detailed critique of consumerism. In the book, Veblen argues that economic life is driven not by notions of utility, but by social vestiges from pre-historic times.

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Book Excerpt: 
. . .tipathy asserts itself even in the case of the liveries or uniforms which some corporations prescribe as the distinctive dress of their employees. In this country the aversion even goes the length of discrediting—in a mild and uncertain way—those government employments, military and civil, which require the wearing of a livery or uniform.

With the disappearance of servitude, the number of vicarious consumers attached to any one gentleman tends, on the whole, to decrease. The like is of course true, and perhaps in a still higher degree, of the number of dependents who perform vicarious leisure for him. In a general way, though not wholly nor consistently, these two groups coincide. The dependent who was first delegated for these duties was the wife, or the chief wife; and, as would be expected, in the later development of the institution, when the number of persons by whom these duties are customarily performed gradually narrows, the wife remains the. . . Read More

Community Reviews

… it is only necessary that the scholar should be able to put in evidence some learning which is conventionally recognized as evidence of wasted time; and the classics lend themselves with great facility to this use.

This is a difficult book to evaluate, since Veblen simultaneously gets so much r

A dry and difficult read as one must hack one's way through the arcane language and outmoded concepts, but once one does, one discovers a truly interesting approach to economics.

It must have seemed odd to an economist of the early 20th century, at least one capable of transcending the views of his

Woody Guthrie observed, "Some will rob you with a six-gun, and some with a fountain pen." Bob Dylan quoted these lyrics and added, "Didn't take too long to find out, just what he was talking about." Thorstein Veblen, who found this situation to be bemusing if absurd, undertook to explain the social

I give 4 stars because of what I read in wikipedia about the subject not because I understood the text of this book. The only thing that I remember is that Old man get woman as trophies because that what we have been doing for 1000s of years. I marked the book as re read, so I can go line by line an

I read this on the plane coming down from Portland, sitting beside a couple of software developers discussing their overseas properties- both apparently had second homes outside the US, one in Tuscany (ooh, too outre-cliche!) one in Spain. Both happened to be interested in viticulture and considered

This is a great read if you have a dictionary handy. Microeconomics is the study of why people purchase stuff. This is the best micro-economic book ever written. I studied micro-economics in college, both on the undergraduate and graduate levels. The theories I studied were stupid, generic marginal

Conspicuous Leisure
This is the book that coined the term "conspicuous consumption". My own stance in regard to this practice is demonstrated in the fact that I read this book in a "Dover Thrift Edition"; so, I started reading the book with the expectation of it explaining other people's behavior. Ho

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