Thorstein Veblen Quotes


The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.


Citations

Veblen, Thorstein. The Theory of the Leisure Class. Macmillan, 1899, p. 84.

Related Quotes

The sense of the word affair is the general purpose, and Smith was referring to the fact when he investigated any proposed or implemented public scheme or law, there was an objective of someone obtaining money as a consequence. As journalists say in covering politics, “follow the money.”


Thorstein Veblen
Thorstein Veblen
  • Born: July 30, 1857
  • Died: August 3, 1929
  • Nationality: American
  • Profession: Economist

Thorstein Bunde Veblen was an American economist and sociologist, who during his lifetime emerged as a well-known critic of capitalism.