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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

It puts us on our guard against cheapness by
identifying merit in some degree with cost. There is ordinarily a
consistent effort on the part of the consumer to obtain goods of
the required serviceability at as advantageous a bargain as may
be; but the conventional requirement of obvious costliness, as a
voucher and a constituent of the serviceability of the goods,
leads him to reject as under grade such goods as do not contain a
large element of conspicuous waste.
It is to be added that a large share of those features of
consumable goods which figure in popular apprehension as marks of
serviceability, and to which reference is here had as elements of
conspicuous waste, commend themselves to the consumer also on
other grounds than that of expensiveness alone. They usually give
evidence of skill and effective workmanship, even if they do not
contribute to the substantial serviceability of the goods; and it
is no doubt largely on some such ground that any particular mark
of honorific serviceability first comes into vogue and afterward
maintains its footing as a normal constituent element of the
worth of an article. A display of efficient workmanship is
pleasing simply as such, even where its remoter, for the time
unconsidered, outcome is futile.


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