[The Theory of the Leisure Class by Thorstein Veblen]@TWC D-Link book
The Theory of the Leisure Class

CHAPTER Four ~~ Conspicuous Consumption
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Indeed, so effective is it in the relatively small and stable human environment to which the individual is exposed at that cultural stage, that, with the aid of the archaic tradition which deprecates all productive labor, it gives rise to a large impecunious leisure class, and it even tends to limit the production of the community's industry to the subsistence minimum.

This extreme inhibition of industry is avoided because slave labor, working under a compulsion more vigorous than that of reputability, is forced to turn out a product in excess of the subsistence minimum of the working class.

The subsequent relative decline in the use of conspicuous leisure as a basis of repute is due partly to an increasing relative effectiveness of consumption as an evidence of wealth; but in part it is traceable to another force, alien, and in some degree antagonistic, to the usage of conspicuous waste.
This alien factor is the instinct of workmanship.

Other circumstances permitting, that instinct disposes men to look with favor upon productive efficiency and on whatever is of human use.

It disposes them to deprecate waste of substance or effort.


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