The Theory of the Leisure Class by Thorstein Veblen (phonics readers TXT) 📕
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1899 was the tail end of the Gilded Age, a time in America of rapid economic expansion that caused a select few to become ultra-wealthy, while millions of commoners struggled in abject poverty. It was against this backdrop that Veblen, an economist and sociologist at the University of Chicago, wrote The Theory of the Leisure Class, a book that brought the phrase “conspicuous consumption” into the modern vocabulary.
Veblen’s thesis centers on the definition of what he calls the “leisure class,” the upper social class consisting of wealthy individuals who are socially exempt from productive work. Their work instead becomes what he calls “conspicuous consumption”: spending their wealth in increasingly ostentatious ways in order to preserve their class status. Meanwhile, the lower and middle classes are the ones actually engaged in work that is productive to society—manufacturing and industry—with the goal of eventually being able to emulate the social status afforded by the conspicuous consumption of their leisure class masters.
Along the way, Veblen links these behaviors with social strictures left over from feudal society, arguing that contemporary human society has not evolved far beyond our medieval peasant-and-lord forefathers. In those ancient societies, productive labor came to be viewed as disreputable and dirty; thus, status is won not by accumulating wealth, but by displaying the evidence of wealth. He argues that many of what some would consider society’s ills are linked to this fundamental concept: for example, the mistreatment of women—forcing them into constricting clothing, preventing them from participating in independent economic life—is a way for their husbands to show off their unemployed status as a kind of conspicuous leisure; or society’s obsession with sports, celebrity, and organized religion, all forms of conspicuous leisure that bring no productive benefit to society, and on the contrary waste time and resources, but whose practitioners—superstars and clergy—maintain a high social status.
Though it was written over a hundred years ago when industrial society was just getting its footing, Veblen’s thesis predicts much of the social stratification we recognize today. Practical labor continues to be viewed as basically demeaning, while people struggle in vain to chase a glimmer of the vast wealth that celebrities, investors, bankers, hedge fund managers, and C-suite dwellers—the conspicuously-consuming leisure class of today—openly flaunt. As such, The Theory of the Leisure Class might be one of the most prescient and influential books of economic and social science of the 20th century.
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- Author: Thorstein Veblen
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The dog has advantages in the way of uselessness as well as in special gifts of temperament. He is often spoken of, in an eminent sense, as the friend of man, and his intelligence and fidelity are praised. The meaning of this is that the dog is man’s servant and that he has the gift of an unquestioning subservience and a slave’s quickness in guessing his master’s mood. Coupled with these traits, which fit him well for the relation of status—and which must for the present purpose be set down as serviceable traits—the dog has some characteristics which are of a more equivocal aesthetic value. He is the filthiest of the domestic animals in his person and the nastiest in his habits. For this he makes up is a servile, fawning attitude towards his master, and a readiness to inflict damage and discomfort on all else. The dog, then, commends himself to our favor by affording play to our propensity for mastery, and as he is also an item of expense, and commonly serves no industrial purpose, he holds a well-assured place in men’s regard as a thing of good repute. The dog is at the same time associated in our imagination with the chase—a meritorious employment and an expression of the honorable predatory impulse. Standing on this vantage ground, whatever beauty of form and motion and whatever commendable mental traits he may possess are conventionally acknowledged and magnified. And even those varieties of the dog which have been bred into grotesque deformity by the dog-fancier are in good faith accounted beautiful by many. These varieties of dogs—and the like is true of other fancy-bred animals—are rated and graded in aesthetic value somewhat in proportion to the degree of grotesqueness and instability of the particular fashion which the deformity takes in the given case. For the purpose in hand, this differential utility on the ground of grotesqueness and instability of structure is reducible to terms of a greater scarcity and consequent expense. The commercial value of canine monstrosities, such as the prevailing styles of pet dogs both for men’s and women’s use, rests on their high cost of production, and their value to their owners lies chiefly in their utility as items of conspicuous consumption. Indirectly, through reflection upon their honorific expensiveness, a social worth is imputed to them; and so, by an easy substitution of words and ideas, they come to be admired and reputed beautiful. Since any attention bestowed upon these animals is in no sense gainful or useful, it is also reputable; and since the habit of giving them attention is consequently not deprecated, it may grow into an habitual attachment of great tenacity and of a most benevolent character. So that in the affection bestowed on pet animals the canon of expensiveness is present more or less remotely as a norm which guides and shapes the sentiment and the selection of its object. The like is true, as will be noticed presently, with respect to affection for persons also; although the manner in which the norm acts in that case is somewhat different.
The case of the fast horse is much like that of the dog. He is on the whole expensive, or wasteful and useless—for the industrial purpose. What productive use he may possess, in the way of enhancing the well-being of the community or making the way of life easier for men, takes the form of exhibitions of force and facility of motion that gratify the popular aesthetic sense. This is of course a substantial serviceability. The horse is not endowed with the spiritual aptitude for servile dependence in the same measure as the dog; but he ministers effectually to his master’s impulse to convert the “animate” forces of the environment to his own use and discretion and so express his own dominating individuality through them. The fast horse is at least potentially a racehorse, of high or low degree; and it is as such that he is peculiarly serviceable to his owner. The utility of the fast horse lies largely in his efficiency as a means of emulation; it gratifies the owner’s sense of aggression and dominance to have his own horse outstrip his neighbor’s. This use being not lucrative, but on the whole pretty consistently wasteful, and quite conspicuously so, it is honorific, and therefore gives the fast horse a strong presumptive position of reputability. Beyond this, the racehorse proper has also a similarly nonindustrial but honorific use as a gambling instrument.
The fast horse, then, is aesthetically fortunate, in that the canon of pecuniary good repute legitimates a free appreciation of whatever beauty or serviceability he may possess. His pretensions have the countenance of the principle of conspicuous waste and the backing of the predatory aptitude for dominance and emulation. The horse is, moreover, a beautiful animal, although the racehorse is so in no peculiar degree to the uninstructed taste of those persons who belong neither in the class of racehorse fanciers nor in
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