THE THEORY OF THE LEISURE CLASS: An Economic Study of American Institutions and a Social Critique of Conspicuous Consumption - Unveiling Societal Norms: The Economics of Conspicuous Consumption

Thorstein Veblen

Summary

In "The Theory of the Leisure Class," Thorstein Veblen presents a critical examination of the socio-economic structures that underpin American society at the turn of the 20th century. Written in a distinctive blend of social theory and economic critique, Veblen'Äôs work introduces the concept of "conspicuous consumption"'Äîthe ostentatious display of wealth as a means of achieving social status. His incisive prose delves into the behavior of the affluent class, juxtaposing their leisure-driven lifestyles against the productive laborers. This seminal text is rooted in the context of rising industrial capitalism, illuminating the tensions between consumer culture, social stratification, and moral philosophy during an era of rapid economic change. Thorstein Veblen, an iconic figure in American economics and sociology, was profoundly influenced by the transforming landscapes of wealth and class dynamics in the Gilded Age. Educated in the tradition of German historical economics, Veblen'Äôs critiques reflect his disillusionment with the capitalist ethos, particularly regarding how economic behavior is intrinsically tied to social prestige. His unique perspective as an outsider to the upper classes fueled his analysis of their rituals and contradictions. This work is indispensable for readers seeking to understand the intricate relationship between economy and society, particularly in the context of contemporary consumerism. Veblen's insights remain remarkably relevant, challenging readers to reflect on the implications of status-driven consumption in their own lives. Recommended for students and scholars alike, this book invites a deeper engagement with the forces that shape modern economic behavior.'Äù} ensuring economic behavior, social class, and status are critical themes in contemporary analysis.

Available since: 01/10/2024.

Print length: 256 pages.

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