[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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A standard of life would still be possible which should admit of invidious comparison in other respects than that of opulence; as, for instance, a comparison in various directions in the manifestation of moral, physical, intellectual, or aesthetic force.

Comparison in all these directions is in vogue today; and the comparison made in these respects is commonly so inextricably bound up with the pecuniary comparison as to be scarcely distinguishable from the latter.

This is especially true as regards the current rating of expressions of intellectual and aesthetic force or proficiency' so that we frequently interpret as aesthetic or intellectual a difference which in substance is pecuniary only.
The use of the term "waste" is in one respect an unfortunate one.

As used in the speech of everyday life the word carries an undertone of deprecation.

It is here used for want of a better term that will adequately describe the same range of motives and of phenomena, and it is not to be taken in an odious sense, as implying an illegitimate expenditure of human products or of human life.


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