12 Quotes & Sayings By Thorstein Veblen

Thorstein Veblen was born in Norway and educated at the University of Virginia. He taught at Yale for four years, after which he left academia to build a career in banking. In 1899, Veblen became the managing partner of the First National Bank of New York. In 1906, he left banking to build an independent consulting firm, which he operated until his death in 1929.

1
The quasi-peaceable gentleman of leisure, then, not only consumes of the staff of life beyond the minimum required for subsistence and physical efficiency, but his consumption also undergoes a specialisation as regards the quality of the goods consumed. He consumes freely and of the best, in food, drink, narcotics, shelter, services, ornaments, apparel, weapons and accoutrements, amusements, amulets, and idols or divinities. Thorstein Veblen
2
The ceremonial differentiation of the dietary is best seen in the use of intoxicating beverages and narcotics. If these articles of consumption are costly, they are felt to be noble and honorific. Therefore the base classes, primarily the women, practice an enforced continence with respect to these stimulants, except in countries where they are obtainable at a very low cost. From archaic times down through all the length of the patriarchal regime it has been the office of the women to prepare and administer these luxuries, and it has been the perquisite of the men of gentle birth and breeding to consume them. Drunkenness and the other pathological consequences of the free use of stimulants therefore tend in their turn to become honorific, as being a mark, at the second remove, of the superior status of those who are able to afford the indulgence. Infirmities induced by over-indulgence are among some peoples freely recognised as manly attributes. It has even happened that the name for certain diseased conditions of the body arising from such an origin has passed into everyday speech as a synonym for "noble" or "gentle". It is only at a relatively early stage of culture that the symptoms of expensive vice are conventionally accepted as marks of a superior status, and so tend to become virtues and command the deference of the community; but the reputability that attaches to certain expensive vices long retains so much of its force as to appreciably lesson the disapprobation visited upon the men of the wealthy or noble class for any excessive indulgence. The same invidious distinction adds force to the current disapproval of any indulgence of this kind on the part of women, minors, and inferiors. This invidious traditional distinction has not lost its force even among the more advanced peoples of today. Where the example set by the leisure class retains its imperative force in the regulation of the conventionalities, it is observable that the women still in great measure practise the same traditional continence with regard to stimulants. Thorstein Veblen
3
All business sagacity reduces itself in the last analysis to a judicious use of sabotage. Thorstein Veblen
4
Conservatism is the maintenance of conventions already in force. Thorstein Veblen
5
Born in inquity and conceived in sin the spirit of nationalism has never ceased to bend human institutions to the service of dissension and distress. Thorstein Veblen
6
In order to stand well in the eyes of the community it is necessary to come up to a certain somewhat indefinite conventional standard of wealth. Thorstein Veblen
7
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
8
All business sagacity reduces itself in the last analysis to judicious use of sabotage. Thorstein Veblen
9
Labor wants pride and joy in doing good work, a sense of making or doing something beautiful or useful - to be treated with dignity and respect as brother and sister. Thorstein Veblen
10
The addiction to sports, therefore, in a peculiar degree marks an arrested development in man's moral nature. Thorstein Veblen
11
The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods. Thorstein Veblen