It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community.

Thorstein Veblen
American economist and sociologist (1857–1929)
38 pieces
- Lived
- 1857–1929
- Born
- Cato
- Died
- Menlo Park
- Nationality
- Norway, United States
- Known as
- writer, professor, economist, docent
- Era
- 20th century
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Works (38)
Born in iniquity and conceived in sin, the spirit of nationalism has never ceased to bend human institutions to the service of dissension and distress.
[H]ere and now, as always and everywhere, invention is the mother of necessity.
The means whereby this work of Nature is brought to its consummate issue are forces of Nature working under her Laws by the method of cause and effect. The principle, or "law," of causation is a metaphysical postulate; in the sense that …
A civilization which is dominated by this matter-of-fact insight must prevail against any cultural scheme that lacks this element. This characteristic of western civilization comes to a head in modern science, and finds its highest …
"Snobbery" is here used without disrespect, as a convenient term to denote the element of strain involved in the quest for gentility on the part of persons whose accustomed social standing is less high or less authentic than their …
Without much preliminary exposition and without feeling himself to be out of touch with his contemporaries, Darwin set to work to explain species in terms of the process out of which they have arisen, rather than out of the prime cause to …
The machine process pervades the modern life and dominates it in a mechanical sense. Its dominance is seen in the enforcement of precise mechanical measurements and adjustment and the reduction of all manner of things, purposes and acts, …
The walking stick serves the purpose of an advertisement that the bearer's hands are employed otherwise than in useful effort, and it therefore has utility as an evidence of leisure.
The superior gratification derived from the use and contemplation of costly and supposedly beautiful products is, commonly, in great measure a gratification of our sense of costliness masquerading under the name of beauty.
The requirement of conspicuous wastefulness is... present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.
There is probably no cult in which ideals of pecuniary merit have not been called in to supplement the ideals of ceremonial adequacy that guide men's conception of what is right in the matter of sacred apparatus.
All ritual has a notable tendency to reduce itself to a rehearsal of formulas.
In the priestly life of all anthropomorphic cults the marks of a vicarious consumption of time are visible.
The thief or swindler who has gained great wealth by his delinquency has a better chance than the small thief of escaping the rigorous penalty of the law.
The domestic life of most classes is relatively shabby, as compared with the éclat of that overt portion of their life that is carried on before the eyes of observers.
As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, …
The need of conspicuous waste... stands ready to absorb any increase in the community's industrial efficiency or output of goods.
A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.
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.
It is much more difficult to recede from a scale of expenditure once adopted than it is to extend the accustomed scale in response to an accession of wealth.
It frequently happens that an element of the standard of living which set out with being primarily wasteful, ends with becoming, in the apprehension of the consumer, a necessary of life.
Leisure held the first place at the start, and came to hold a rank very much above wasteful consumption of goods... From that point onward, consumption has gained ground, until, at present, it unquestionably holds the primacy.
In modern civilized communities... the members of each stratum accept as their ideal of decency the scheme of life in vogue in the next higher stratum.