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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Mine eyes have seen the glory of the coming of the Lord:
He is trampling out the vintage where the grapes of wrath are stored;
He hath loosed the fateful lightning of his terrible swift sword;
His truth is marching on.
The guiding habits of thought of a devout person move on the plane of an archaic scheme of life which has outlived much of its usefulness for the economic exigencies of the collective life of today. In so far as the economic organization fits the exigencies of the collective life of today, it has outlived the regime of status, and has no use and no place for a relation of personal subserviency. So far as concerns the economic efficiency of the community, the sentiment of personal fealty, and the general habit of mind of which that sentiment is an expression, are survivals which cumber the ground and hinder an adequate adjustment of human institutions to the existing situation. The habit of mind which best lends itself to the purposes of a peaceable, industrial community, is that matter-of-fact temper which recognizes the value of material facts simply as opaque items in the mechanical sequence. It is that frame of mind which does not instinctively impute an animistic propensity to things, nor resort to preternatural intervention as an explanation of perplexing phenomena, nor depend on an unseen hand to shape the course of events to human use. To meet the requirements of the highest economic efficiency under modern conditions, the world process must habitually be apprehended in terms of quantitative, dispassionate force and sequence.
As seen from the point of view of the later economic exigencies, devoutness is, perhaps in all cases, to be looked upon as a survival from an earlier phase of associated life—a mark of arrested spiritual development. Of course it remains true that in a community where the economic structure is still substantially a system of status; where the attitude of the average of persons in the community is consequently shaped by and adapted to the relation of personal dominance and personal subservience; or where for any other reason—of tradition or of inherited aptitude—the population as a whole is strongly inclined to devout observances; there a devout habit of mind in any individual, not in excess of the average of the community, must be taken simply as a detail of the prevalent habit of life. In this light, a devout individual in a devout community can not be called a case of reversion, since he is abreast of the average of the community. But as seen from the point of view of the modern industrial situation, exceptional devoutness—devotional zeal that rises appreciably above the average pitch of devoutness in the community—may safely be set down as in all cases an atavistic trait.
It is, of course, equally legitimate to consider these phenomena from a different point of view. They may be appreciated for a different purpose, and the characterization here offered may be turned about. In speaking from the point of view of the devotional interest, or the interest of devout taste, it may, with equal cogency, be said that the spiritual attitude bred in men by the modern industrial life is unfavorable to a free development of the life of faith. It might fairly be objected to the later development of the industrial process that its discipline tends to “materialism,” to the elimination of filial piety. From the aesthetic point of view, again, something to a similar purport might be said. But, however legitimate and valuable these and the like reflections may be for their purpose, they would not be in place in the present inquiry, which is exclusively concerned with the valuation of these phenomena from the economic point of view.
The grave economic significance of the anthropomorphic habit of mind and of the addiction to devout observances must serve as apology for speaking further on a topic which it can not but be distasteful to discuss at all as an economic phenomenon in a community so devout as ours. Devout observances are of economic importance as an index of a concomitant variation of temperament, accompanying the predatory habit of mind and so indicating the presence of industrially disserviceable traits. They indicate the presence of a mental attitude which has a certain economic value of its own by virtue of its influence upon the industrial serviceability of the individual. But they are also of importance more directly, in modifying the economic activities of the community, especially as regards the distribution and consumption of goods.
The most obvious economic bearing of these observances is seen in the devout consumption of goods and services. The consumption of ceremonial paraphernalia required by any cult, in the way of shrines, temples, churches, vestments, sacrifices, sacraments, holiday attire, etc., serves no immediate material end. All this material apparatus may, therefore, without implying deprecation, be broadly characterized as items of conspicuous waste. The like is true in a general way of the personal service consumed under this head; such as priestly education, priestly service, pilgrimages, fasts, holidays, household devotions, and the like. At the same time the observances in the execution of which this consumption takes place serve to extend and protract the vogue of those habits of thought on which an anthropomorphic cult rests. That is to say, they further the habits of thought characteristic of the regime of status. They are in so far an obstruction to the most effective
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