The Theory of the Leisure Class by Thorstein Veblen (phonics readers TXT) 📕
Description
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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Life in a modern industrial community, or in other words life under the pecuniary culture, acts by a process of selection to develop and conserve a certain range of aptitudes and propensities. The present tendency of this selective process is not simply a reversion to a given, immutable ethnic type. It tends rather to a modification of human nature differing in some respects from any of the types or variants transmitted out of the past. The objective point of the evolution is not a single one. The temperament which the evolution acts to establish as normal differs from any one of the archaic variants of human nature in its greater stability of aim—greater singleness of purpose and greater persistence in effort. So far as concerns economic theory, the objective point of the selective process is on the whole single to this extent; although there are minor tendencies of considerable importance diverging from this line of development. But apart from this general trend the line of development is not single. As concerns economic theory, the development in other respects runs on two divergent lines. So far as regards the selective conservation of capacities or aptitudes in individuals, these two lines may be called the pecuniary and the industrial. As regards the conservation of propensities, spiritual attitude, or animus, the two may be called the invidious or self-regarding and the non-invidious or economical. As regards the intellectual or cognitive bent of the two directions of growth, the former may be characterized as the personal standpoint, of conation, qualitative relation, status, or worth; the latter as the impersonal standpoint, of sequence, quantitative relation, mechanical efficiency, or use.
The pecuniary employments call into action chiefly the former of these two ranges of aptitudes and propensities, and act selectively to conserve them in the population. The industrial employments, on the other hand, chiefly exercise the latter range, and act to conserve them. An exhaustive psychological analysis will show that each of these two ranges of aptitudes and propensities is but the multiform expression of a given temperamental bent. By force of the unity or singleness of the individual, the aptitudes, animus, and interests comprised in the first-named range belong together as expressions of a given variant of human nature. The like is true of the latter range. The two may be conceived as alternative directions of human life, in such a way that a given individual inclines more or less consistently to the one or the other. The tendency of the pecuniary life is, in a general way, to conserve the barbarian temperament, but with the substitution of fraud and prudence, or administrative ability, in place of that predilection for physical damage that characterizes the early barbarian. This substitution of chicanery in place of devastation takes place only in an uncertain degree. Within the pecuniary employments the selective action runs pretty consistently in this direction, but the discipline of pecuniary life, outside the competition for gain, does not work consistently to the same effect. The discipline of modern life in the consumption of time and goods does not act unequivocally to eliminate the aristocratic virtues or to foster the bourgeois virtues. The conventional scheme of decent living calls for a considerable exercise of the earlier barbarian traits. Some details of this traditional scheme of life, bearing on this point, have been noticed in earlier chapters under the head of leisure, and further details will be shown in later chapters.
From what has been said, it appears that the leisure-class life and the leisure-class scheme of life should further the conservation of the barbarian temperament; chiefly of the quasi-peaceable, or bourgeois, variant, but also in some measure of the predatory variant. In the absence of disturbing factors, therefore, it should be possible to trace a difference of temperament between the classes of society. The aristocratic and the bourgeois virtues—that is to say the destructive and pecuniary traits—should be found chiefly among the upper classes, and the industrial virtues—that is to say the peaceable traits—chiefly among the classes given to mechanical industry.
In a general and uncertain way this holds true, but the test is not so readily applied nor so conclusive as might be wished. There are several assignable reasons for its partial failure. All classes are in a measure engaged in the pecuniary struggle, and in all classes the possession of the pecuniary traits counts towards the success and survival of the individual. Wherever the pecuniary culture prevails, the selective process by which men’s habits of thought are shaped, and by which the survival of rival lines of descent is decided, proceeds proximately on the basis of fitness for acquisition. Consequently, if it were not for the fact that pecuniary efficiency is on the whole incompatible with industrial efficiency, the selective action of all occupations would tend to the unmitigated dominance of the pecuniary temperament. The result would be the installation of what has been known as the “economic man,” as the normal and definitive type of human nature. But the “economic man,” whose only interest is the self-regarding one and whose only human trait is prudence is useless for the purposes of modern industry.
The modern industry requires an impersonal, non-invidious interest in the work in hand. Without this the elaborate processes of industry would be impossible, and would, indeed, never have been conceived. This interest in work differentiates the workman from the criminal on the one hand, and from the captain of industry on the other. Since work must be done in order to the continued life of the community, there results a qualified selection favoring the spiritual aptitude for work, within a certain range of occupations. This
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