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 this “New-Woman” movement—as these blind and incoherent efforts to rehabilitate the woman’s pre-glacial standing have been named—there are at least two elements discernible, both of which are of an economic character. These two elements or motives are expressed by the double watchword, “emancipation” and “work.” Each of these words is recognized to stand for something in the way of a widespread sense of grievance. The prevalence of the sentiment is recognized even by people who do not see that there is any real ground for a grievance in the situation as it stands today. It is among the women of the well-to-do classes, in the communities which are farthest advanced in industrial development, that this sense of a grievance to be redressed is most alive and finds most frequent expression. That is to say, in other words, there is a demand, more or less serious, for emancipation from all relation of status, tutelage, or vicarious life; and the revulsion asserts itself especially among the class of women upon whom the scheme of life handed down from the regime of status imposes with least litigation a vicarious life, and in those communities whose economic development has departed farthest from the circumstances to which this traditional scheme is adapted. The demand comes from that portion of womankind which is excluded by the canons of good repute from all effectual work, and which is closely reserved for a life of leisure and conspicuous consumption.
More than one critic of this new-woman movement has misapprehended its motive. The case of the American “new woman” has lately been summed up with some warmth by a popular observer of social phenomena: “She is petted by her husband, the most devoted and hardworking of husbands in the world. … She is the superior of her husband in education, and in almost every respect. She is surrounded by the most numerous and delicate attentions. Yet she is not satisfied. … The Anglo-Saxon ‘new woman’ is the most ridiculous production of modern times, and destined to be the most ghastly failure of the century.” Apart from the deprecation—perhaps well placed—which is contained in this presentment, it adds nothing but obscurity to the woman question. The grievance of the new woman is made up of those things which this typical characterization of the movement urges as reasons why she should be content. She is petted, and is permitted, or even required, to consume largely and conspicuously—vicariously for her husband or other natural guardian. She is exempted, or debarred, from vulgarly useful employment—in order to perform leisure vicariously for the good repute of her natural (pecuniary) guardian. These offices are the conventional marks of the unfree, at the same time that they are incompatible with the human impulse to purposeful activity. But the woman is endowed with her share—which there is reason to believe is more than an even share—of the instinct of workmanship, to which futility of life or of expenditure is obnoxious. She must unfold her life activity in response to the direct, unmediated stimuli of the economic environment with which she is in contact. The impulse is perhaps stronger upon the woman than upon the man to live her own life in her own way and to enter the industrial process of the community at something nearer than the second remove.
So long as the woman’s place is consistently that of a drudge, she is, in the average of cases, fairly contented with her lot. She not only has something tangible and purposeful to do, but she has also no time or thought to spare for a rebellious assertion of such human propensity to self-direction as she has inherited. And after the stage of universal female drudgery is passed, and a vicarious leisure without strenuous application becomes the accredited employment of the women of the well-to-do classes, the prescriptive force of the canon of pecuniary decency, which requires the observance of ceremonial futility on their part, will long preserve high-minded women from any sentimental leaning to self-direction and a “sphere of usefulness.” This is especially true during the earlier phases of the pecuniary culture, while the leisure of the leisure class is still in great measure a predatory activity, an active assertion of mastery in which there is enough of tangible purpose of an invidious kind to admit of its being taken seriously as an employment to which one may without shame put one’s hand. This condition of things has obviously lasted well down into the present in some communities. It continues to hold to a different extent for different individuals, varying with the vividness of the sense of status and with the feebleness of the impulse to workmanship with which the individual is endowed. But where the economic structure of
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