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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This non-invidious residue of the religious life—the sense of communion with the environment, or with the generic life process—as well as the impulse of charity or of sociability, act in a pervasive way to shape men’s habits of thought for the economic purpose. But the action of all this class of proclivities is somewhat vague, and their effects are difficult to trace in detail. So much seems clear, however, as that the action of this entire class of motives or aptitudes tends in a direction contrary to the underlying principles of the institution of the leisure class as already formulated. The basis of that institution, as well as of the anthropomorphic cults associated with it in the cultural development, is the habit of invidious comparison; and this habit is incongruous with the exercise of the aptitudes now in question. The substantial canons of the leisure-class scheme of life are a conspicuous waste of time and substance and a withdrawal from the industrial process; while the particular aptitudes here in question assert themselves, on the economic side, in a deprecation of waste and of a futile manner of life, and in an impulse to participation in or identification with the life process, whether it be on the economic side or in any other of its phases or aspects.
It is plain that these aptitudes and habits of life to which they give rise where circumstances favor their expression, or where they assert themselves in a dominant way, run counter to the leisure-class scheme of life; but it is not clear that life under the leisure-class scheme, as seen in the later stages of its development, tends consistently to the repression of these aptitudes or to exemption from the habits of thought in which they express themselves. The positive discipline of the leisure-class scheme of life goes pretty much all the other way. In its positive discipline, by prescription and by selective elimination, the leisure-class scheme favors the all-pervading and all-dominating primacy of the canons of waste and invidious comparison at every conjuncture of life. But in its negative effects the tendency of the leisure-class discipline is not so unequivocally true to the fundamental canons of the scheme. In its regulation of human activity for the purpose of pecuniary decency the leisure-class canon insists on withdrawal from the industrial process. That is to say, it inhibits activity in the directions in which the impecunious members of the community habitually put forth their efforts. Especially in the case of women, and more particularly as regards the upper-class and upper-middle-class women of advanced industrial communities, this inhibition goes so far as to insist on withdrawal even from the emulative process of accumulation by the quasi-predator methods of the pecuniary occupations.
The pecuniary or the leisure-class culture, which set out as an emulative variant of the impulse of workmanship, is in its latest development beginning to neutralize its own ground, by eliminating the habit of invidious comparison in respect of efficiency, or even of pecuniary standing. On the other hand, the fact that members of the leisure class, both men and women, are to some extent exempt from the necessity of finding a livelihood in a competitive struggle with their fellows, makes it possible for members of this class not only to survive, but even, within bounds, to follow their bent in case they are not gifted with the aptitudes which make for success in the competitive struggle. That is to say, in the latest and fullest development of the institution, the livelihood of members of this class does not depend on the possession and the unremitting exercise of those aptitudes are therefore greater in the higher grades of the leisure class than in the general average of a population living under the competitive system.
In an earlier chapter, in discussing the conditions of survival of archaic traits, it has appeared that the peculiar position of the leisure class affords exceptionally favorable chances for the survival of traits which characterize the type of human nature proper to an earlier and obsolete cultural stage. The class is sheltered from the stress of economic exigencies, and is in this sense withdrawn from the rude impact of forces which make for adaptation to the economic situation. The survival in the leisure class, and under the leisure-class scheme of life, of traits and types that are reminiscent of the predatory culture has already been discussed. These aptitudes and habits have an exceptionally favorable chance of survival under the leisure-class regime. Not only does the sheltered pecuniary position of the leisure class afford a situation favorable to the survival of such individuals as are not gifted with the complement of aptitudes required for serviceability in the modern industrial process; but the leisure-class canons of reputability at the same time enjoin the conspicuous exercise of certain predatory aptitudes. The employments in which the predatory aptitudes find exercise serve as an evidence of wealth, birth, and withdrawal from the industrial process. The survival of
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