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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.

Thorstein Veblen

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Thorstein Veblen
Age: 72 †
Born: 1857
Born: July 30
Died: 1929
Died: August 3
Economist
Sociologist
University Professor
Writer
Manitowoc County
Wisconsin
Thorstein Bunde Veblen
Almost
Solely
Living
Prevent
Nature
Scale
Expenditure
Become
Standard
Conspicuous
Scales
Expenditures
Acts
Recession
Standards
Recessions
Habit
Habitual

More quotes by Thorstein Veblen

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Conservatism is the maintenance of conventions already in force.
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Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.
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Invention is the mother of necessity.
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The requirement of conspicuous wastefulness is... present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.
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Only individuals with an aberrant temperament can in the long run retain their self-esteem in the face of the disesteem of their fellows.
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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.
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Socialism is a dead horse.
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The institution of a leisure class has emerged gradually during the transition from primitive savagery to barbarism or more precisely, during the transition from a peaceable to a consistently warlike habit of life.
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In itself and in its consequences the life of leisure is beautiful and ennobling in all civilised men's eyes.
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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.
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The corset is?a mutilation, undergone for the purpose of lowering the subject's vitalityand rendering her permanentlyand obviously unfit for work.
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So soon as the possession of property becomes the basis of popular esteem, therefore, it becomes also a requisite to that complacency which we call self-respect.
Thorstein Veblen
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Into the cultural and technological system of the modern world, the patriotic spirit fits like dust in the eyes and sand in the bearings. Its net contribution to the outcome is obscuration, distrust, and retardation at every point where it touches the fortunes of modern mankind.
Thorstein Veblen
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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.
Thorstein Veblen
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There are few things that so touch us with instinctive revulsion as a breach of decorum.
Thorstein Veblen
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Inherited aptitudes and traits of temperament count for quite as much as length of habituation in deciding what range of habits will come to dominate any individual's scheme of life.
Thorstein Veblen
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The possession of wealth confers honor it is an invidious distinction.
Thorstein Veblen
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Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.
Thorstein Veblen
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In point of substantial merit the law school belongs in the modern university no more than a school of fencing or dancing.
Thorstein Veblen
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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.
Thorstein Veblen