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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

It is notoriously just as
difficult to recede from a "high" standard of living as it is to
lower a standard which is already relatively low; although in the
former case the difficulty is a moral one, while in the latter it
may involve a material deduction from the physical comforts of
life.
But while retrogression is difficult, a fresh advance in
conspicuous expenditure is relatively easy; indeed, it takes
place almost as a matter of course. In the rare cases where it
occurs, a failure to increase one's visible consumption when the
means for an increase are at hand is felt in popular apprehension
to call for explanation, and unworthy motives of miserliness are
imputed to those who fall short in this respect. A prompt
response to the stimulus, on the other hand, is accepted as the
normal effect. This suggests that the standard of expenditure
which commonly guides our efforts is not the average, ordinary
expenditure already achieved; it is an ideal of consumption that
lies just beyond our reach, or to reach which requires some
strain. The motive is emulation -- the stimulus of an invidious
comparison which prompts us to outdo those with whom we are in
the habit of classing ourselves.


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