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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

Consequently, if it were not for the
fact that pecuniary efficiency is on the whole incompatible with
industrial efficiency, the selective action of all occupations
would tend to the unmitigated dominance of the pecuniary
temperament. The result would be the installation of what has
been known as the "economic man," as the normal and definitive
type of human nature. But the "economic man," whose only interest
is the self-regarding one and whose only human trait is prudence
is useless for the purposes of modern industry.
The modern industry requires an impersonal, non-invidious
interest in the work in hand. Without this the elaborate
processes of industry would be impossible, and would, indeed,
never have been conceived. This interest in work differentiates
the workman from the criminal on the one hand, and from the
captain of industry on the other. Since work must be done in
order to the continued life of the community, there results a
qualified selection favoring the spiritual aptitude for work,
within a certain range of occupations. This much, however, is to
be conceded, that even within the industrial occupations the
selective elimination of the pecuniary traits is an uncertain
process, and that there is consequently an appreciable survival
of the barbarian temperament even within these occupations.


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