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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In all this, of course, it is not to be presumed that the donor would have found fault, or that he would have done otherwise if he had taken control in person; it appears that in those cases where such a personal direction is exercised—where the enterprise is conducted by direct expenditure and superintendence instead of by bequest—the aims and methods of management are not different in this respect. Nor would the beneficiaries, or the outside observers whose ease or vanity are not immediately touched, be pleased with a different disposition of the funds. It would suit no one to have the enterprise conducted with a view directly to the most economical and effective use of the means at hand for the initial, material end of the foundation. All concerned, whether their interest is immediate and self-regarding, or contemplative only, agree that some considerable share of the expenditure should go to the higher or spiritual needs derived from the habit of an invidious comparison in predatory exploit and pecuniary waste. But this only goes to say that the canons of emulative and pecuniary reputability so far pervade the common sense of the community as to permit no escape or evasion, even in the case of an enterprise which ostensibly proceeds entirely on the basis of a non-invidious interest.
It may even be that the enterprise owes its honorific virtue, as a means of enhancing the donor’s good repute, to the imputed presence of this non-invidious motive; but that does not hinder the invidious interest from guiding the expenditure. The effectual presence of motives of an emulative or invidious origin in non-emulative works of this kind might be shown at length and with detail, in any one of the classes of enterprise spoken of above. Where these honorific details occur, in such cases, they commonly masquerade under designations that belong in the field of the aesthetic, ethical or economic interest. These special motives, derived from the standards and canons of the pecuniary culture, act surreptitiously to divert effort of a non-invidious kind from effective service, without disturbing the agent’s sense of good intention or obtruding upon his consciousness the substantial futility of his work. Their effect might be traced through the entire range of that schedule of non-invidious, meliorative enterprise that is so considerable a feature, and especially so conspicuous a feature, in the overt scheme of life of the well-to-do. But the theoretical bearing is perhaps clear enough and may require no further illustration; especially as some detailed attention will be given to one of these lines of enterprise—the establishments for the higher learning—in another connection.
Under the circumstances of the sheltered situation in which the leisure class is placed there seems, therefore, to be something of a reversion to the range of non-invidious impulses that characterizes the ante-predatory savage culture. The reversion comprises both the sense of workmanship and the proclivity to indolence and good-fellowship. But in the modern scheme of life canons of conduct based on pecuniary or invidious merit stand in the way of a free exercise of these impulses; and the dominant presence of these canons of conduct goes far to divert such efforts as are made on the basis of the non-invidious interest to the service of that invidious interest on which the pecuniary culture rests. The canons of pecuniary decency are reducible for the present purpose to the principles of waste, futility, and ferocity. The requirements of decency are imperiously present in meliorative enterprise as in other lines of conduct, and exercise a selective surveillance over the details of conduct and management in any enterprise. By guiding and adapting the method in detail, these canons of decency go far to make all non-invidious aspiration or effort nugatory. The pervasive, impersonal, uneager principle of futility is at hand from day to day and works obstructively to hinder the effectual expression of so much of the surviving ante-predatory aptitudes as is to be classed under the instinct of workmanship; but its presence does not preclude the transmission of those aptitudes or the continued recurrence of an impulse to find expression for them.
In the later and farther development of the pecuniary culture, the requirement of withdrawal from the industrial process in order to avoid social odium is carried so far as to comprise abstention from the emulative employments. At this advanced stage the pecuniary culture negatively favors the assertion of the non-invidious propensities by relaxing the stress laid on the merit of emulative, predatory, or pecuniary occupations, as compared
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