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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All this of course does not question the fact that the proprieties of the substituted schedule are more decorous than those which they displace. The doubt which presents itself is simply a doubt as to the economic expediency of this work of regeneration—that is to say, the economic expediency in that immediate and material bearing in which the effects of the change can be ascertained with some degree of confidence, and as viewed from the standpoint not of the individual but of the facility of life of the collectivity. For an appreciation of the economic expediency of these enterprises of amelioration, therefore, their effective work is scarcely to be taken at its face value, even where the aim of the enterprise is primarily an economic one and where the interest on which it proceeds is in no sense self-regarding or invidious. The economic reform wrought is largely of the nature of a permutation in the methods of conspicuous waste.
But something further is to be said with respect to the character of the disinterested motives and canons of procedure in all work of this class that is affected by the habits of thought characteristic of the pecuniary culture; and this further consideration may lead to a further qualification of the conclusions already reached. As has been seen in an earlier chapter, the canons of reputability or decency under the pecuniary culture insist on habitual futility of effort as the mark of a pecuniarily blameless life. There results not only a habit of disesteem of useful occupations, but there results also what is of more decisive consequence in guiding the action of any organized body of people that lays claim to social good repute. There is a tradition which requires that one should not be vulgarly familiar with any of the processes or details that have to do with the material necessities of life. One may meritoriously show a quantitative interest in the well-being of the vulgar, through subscriptions or through work on managing committees and the like. One may, perhaps even more meritoriously, show solicitude in general and in detail for the cultural welfare of the vulgar, in the way of contrivances for elevating their tastes and affording them opportunities for spiritual amelioration. But one should not betray an intimate knowledge of the material circumstances of vulgar life, or of the habits of thought of the vulgar classes, such as would effectually direct the efforts of these organizations to a materially useful end. This reluctance to avow an unduly intimate knowledge of the lower-class conditions of life in detail of course prevails in very different degrees in different individuals; but there is commonly enough of it present collectively in any organization of the kind in question profoundly to influence its course of action. By its cumulative action in shaping the usage and precedents of any such body, this shrinking from an imputation of unseemly familiarity with vulgar life tends gradually to set aside the initial motives of the enterprise, in favor of certain guiding principles of good repute, ultimately reducible to terms of pecuniary merit. So that in an organization of long standing the initial motive of furthering the facility of life in these classes comes gradually to be an ostensible motive only, and the vulgarly effective work of the organization tends to obsolescence.
What is true of the efficiency of organizations for non-invidious work in this respect is true also as regards the work of individuals proceeding on the same motives; though it perhaps holds true with more qualification for individuals than for organized enterprises. The habit of gauging merit by the leisure-class canons of wasteful expenditure and unfamiliarity with vulgar life, whether on the side of production or of consumption, is necessarily strong in the individuals who aspire to do some work of public utility. And if the individual should forget his station and turn his efforts to vulgar effectiveness, the common sense of the community—the sense of pecuniary decency—would presently reject his work and set him right. An example of this is seen in the administration of bequests made by public-spirited men for the single purpose (at least ostensibly) of furthering the facility of human life in some particular respect. The objects for which bequests of this class are most frequently made at present are schools, libraries, hospitals, and asylums for the infirm or unfortunate. The avowed purpose of the donor in these cases
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