The Theory of the Leisure Class - Veblen, Thorstein
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"The Theory of the Leisure Class" by Thorstein Veblen explores the development of social stratification and ownership through the lens of economic and cultural evolution. Veblen argues that the leisure class emerged alongside the institution of ownership, both rooted in the economic forces of early societies. Initially, ownership was tied to the possession of women and trophies, symbolizing prowess and success in predatory cultures. As societies evolved, the concept of ownership extended to goods, and wealth became a symbol of social status and honor. Veblen highlights the role of emulation in…mehr

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"The Theory of the Leisure Class" by Thorstein Veblen explores the development of social stratification and ownership through the lens of economic and cultural evolution. Veblen argues that the leisure class emerged alongside the institution of ownership, both rooted in the economic forces of early societies. Initially, ownership was tied to the possession of women and trophies, symbolizing prowess and success in predatory cultures. As societies evolved, the concept of ownership extended to goods, and wealth became a symbol of social status and honor. Veblen highlights the role of emulation in driving the accumulation of wealth, as individuals strive to surpass their peers in pecuniary standing. This emulation leads to a perpetual cycle of acquisition, as the desire for social esteem and self-respect fuels the pursuit of wealth. Veblen also discusses the distinction between exploit and industry, noting that labor is often viewed as inferior and debasing, while leisure and the display of wealth are seen as honorable. The book delves into the psychological and cultural underpinnings of these social dynamics, emphasizing the enduring influence of ancient traditions on modern economic behavior.