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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"


The modern organization of industry works in the same direction
also by another line. The exigencies of the modern industrial
system frequently place individuals and households in
juxtaposition between whom there is little contact in any other
sense than that of juxtaposition. One's neighbors, mechanically
speaking, often are socially not one's neighbors, or even
acquaintances; and still their transient good opinion has a high
degree of utility. The only practicable means of impressing one's
pecuniary ability on these unsympathetic observers of one's
everyday life is an unremitting demonstration of ability to pay.
In the modern community there is also a more frequent attendance
at large gatherings of people to whom one's everyday life is
unknown; in such places as churches, theaters, ballrooms, hotels,
parks, shops, and the like. In order to impress these transient
observers, and to retain one's self-complacency under their
observation, the signature of one's pecuniary strength should be
written in characters which he who runs may read. It is evident,
therefore, that the present trend of the development is in the
direction of heightening the utility of conspicuous consumption
as compared with leisure.


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