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.
Read free book «The Theory of the Leisure Class by Thorstein Veblen (phonics readers TXT) 📕» - read online or download for free at americanlibrarybooks.com
- Author: Thorstein Veblen
Read book online «The Theory of the Leisure Class by Thorstein Veblen (phonics readers TXT) 📕». Author - Thorstein Veblen
The habits derived from the predatory and quasi-peaceable culture are relatively ephemeral variants of certain underlying propensities and mental characteristics of the race; which it owes to the protracted discipline of the earlier, proto-anthropoid cultural stage of peaceable, relatively undifferentiated economic life carried on in contact with a relatively simple and invariable material environment. When the habits superinduced by the emulative method of life have ceased to enjoy the section of existing economic exigencies, a process of disintegration sets in whereby the habits of thought of more recent growth and of a less generic character to some extent yield the ground before the more ancient and more pervading spiritual characteristics of the race.
In a sense, then, the new-woman movement marks a reversion to a more generic type of human character, or to a less differentiated expression of human nature. It is a type of human nature which is to be characterized as proto-anthropoid, and, as regards the substance if not the form of its dominant traits, it belongs to a cultural stage that may be classed as possibly subhuman. The particular movement or evolutional feature in question of course shares this characterization with the rest of the later social development, in so far as this social development shows evidence of a reversion to the spiritual attitude that characterizes the earlier, undifferentiated stage of economic revolution. Such evidence of a general tendency to reversion from the dominance of the invidious interest is not entirely wanting, although it is neither plentiful nor unquestionably convincing. The general decay of the sense of status in modern industrial communities goes some way as evidence in this direction; and the perceptible return to a disapproval of futility in human life, and a disapproval of such activities as serve only the individual gain at the cost of the collectivity or at the cost of other social groups, is evidence to a like effect. There is a perceptible tendency to deprecate the infliction of pain, as well as to discredit all marauding enterprises, even where these expressions of the invidious interest do not tangibly work to the material detriment of the community or of the individual who passes an opinion on them. It may even be said that in the modern industrial communities the average, dispassionate sense of men says that the ideal character is a character which makes for peace, goodwill, and economic efficiency, rather than for a life of self-seeking, force, fraud, and mastery.
The influence of the leisure class is not consistently for or against the rehabilitation of this proto-anthropoid human nature. So far as concerns the chance of survival of individuals endowed with an exceptionally large share of the primitive traits, the sheltered position of the class favors its members directly by withdrawing them from the pecuniary struggle; but indirectly, through the leisure-class canons of conspicuous waste of goods and effort, the institution of a leisure class lessens the chance of survival of such individuals in the entire body of the population. The decent requirements of waste absorb the surplus energy of the population in an invidious struggle and leave no margin for the non-invidious expression of life. The remoter, less tangible, spiritual effects of the discipline of decency go in the same direction and work perhaps more effectually to the same end. The canons of decent life are an elaboration of the principle of invidious comparison, and they accordingly act consistently to inhibit all non-invidious effort and to inculcate the self-regarding attitude.
XIV The Higher Learning as an Expression of the PecuniaryTo the end that suitable habits of thought on certain heads may be conserved in the incoming generation, a scholastic discipline is sanctioned by the common sense of the community and incorporated into the accredited scheme of life. The habits of thought which are so formed under the guidance of teachers and scholastic traditions have an economic value—a value as affecting the serviceability of the individual—no less real than the similar economic value of the habits of thought formed without such guidance under the discipline of everyday life. Whatever characteristics of the accredited scholastic scheme and discipline are traceable to the predilections of the leisure class or to the guidance of the canons of pecuniary merit are to be set down to the account of that institution, and whatever economic value these features of the educational scheme possess are the expression in detail of the value of that institution. It will be in place, therefore, to point out any peculiar features of the educational system which are traceable to the leisure-class scheme of life, whether as regards the aim and method of the discipline, or as regards the compass and character of the body of knowledge inculcated. It is in learning proper, and more particularly in the higher learning, that the influence of leisure-class ideals is most patent; and since the purpose here is not to make an exhaustive collation of data showing
Comments (0)