Theory of the Leisure Class

Download or Read eBook Theory of the Leisure Class PDF written by Thorstein Veblen and published by BookRix. This book was released on 2019-01-08 with total page 423 pages. Available in PDF, EPUB and Kindle.
Theory of the Leisure Class
Author :
Publisher : BookRix
Total Pages : 423
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ISBN-10 : 9783736808232
ISBN-13 : 3736808232
Rating : 4/5 (32 Downloads)

Book Synopsis Theory of the Leisure Class by : Thorstein Veblen

Book excerpt: The Theory of the Leisure Class: An Economic Study of Institutions, by Thorstein Veblen, is an economic treatise and detailed social critique of conspicuous consumption, as a function of social-class consumerism. It proposes that the social strata and the division of labor of the feudal period continued into the modern era. The lords of the manor employed themselves in the economically useless practices of conspicuous consumption and conspicuous leisure, while the middle and lower classes were employed in the industrial occupations that support the whole of society. Economically wasteful activities are those activities that do not contribute to the economy or to the material productivity required for the fruitful functioning of society. Veblen's analyses of business cycles and prices, and of the emergent technocratic division of labor by speciality (scientists, engineers, technologists) at the end of the 19th century proved to be accurate predictions of the nature of an industrial society.


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Theory of the Leisure Class
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Reprint. Originally published: New York: Macmillan Co., 1899.
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Reproduction of the original.
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‘The Theory of the Leisure Class,’ is the first and best-known work of Thorstein Veblen, an American economist and sociologist who, during his lifetime, eme