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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

As concerns economic theory, the
development in other respects runs on two divergent lines. So far
as regards the selective conservation of capacities or aptitudes
in individuals, these two lines may be called the pecuniary and
the industrial. As regards the conservation of propensities,
spiritual attitude, or animus, the two may be called the
invidious or self-regarding and the non-invidious or economical.
As regards the intellectual or cognitive bent of the two
directions of growth, the former may be characterized as the
personal standpoint, of conation, qualitative relation, status,
or worth; the latter as the impersonal standpoint, of sequence,
quantitative relation, mechanical efficiency, or use.
The pecuniary employments call into action chiefly the former of
these two ranges of aptitudes and propensities, and act
selectively to conserve them in the population. The industrial
employments, on the other hand, chiefly exercise the latter
range, and act to conserve them. An exhaustive psychological
analysis will show that each of these two ranges of aptitudes and
propensities is but the multiform expression of a given
temperamental bent. By force of the unity or singleness of the
individual, the aptitudes, animus, and interests comprised in the
first-named range belong together as expressions of a given
variant of human nature.


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