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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

The requirement of conformity to this higher conventional
standard becomes mandatory. The standard of decency is higher,
class for class, and this requirement of decent appearance must
be lived up to on pain of losing caste.
Consumption becomes a larger element in the standard of living in
the city than in the country. Among the country
population its place is to some extent taken by savings and home
comforts known through the medium of neighborhood gossip
sufficiently to serve the like general purpose of Pecuniary
repute. These home comforts and the leisure indulged in -- where
the indulgence is found -- are of course also in great part to be
classed as items of conspicuous consumption; and much the same is
to be said of the savings. The smaller amount of the savings laid
by by the artisan class is no doubt due, in some measure, to the
fact that in the case of the artisan the savings are a less
effective means of advertisement, relative to the environment in
which he is placed, than are the savings of the people living on
farms and in the small villages. Among the latter, everybody's
affairs, especially everybody's pecuniary status, are known to
everybody else. Considered by itself simply -- taken in the first
degree -- this added provocation to which the artisan and the
urban laboring classes are exposed may not very seriously
decrease the amount of savings; but in its cumulative action,
through raising the standard of decent expenditure, its deterrent
effect on the tendency to save cannot but be very great.


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