Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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
Process
Processes
Doe
Goods
Consumers
Invests
Producers
Merchant
Investing
Merchants
Pass
Consumer
Instead
Businessman
Industry
Producer

More quotes by Thorstein Veblen

Image
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
Image
In aesthetic theory it might be extremely difficult, if not quite impracticable, to draw a line between the canon of classicism, or regard for the archaic, and the canon of beauty.
Thorstein Veblen
Image
Invention is the mother of necessity.
Thorstein Veblen
Image
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.
Thorstein Veblen
Image
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.
Thorstein Veblen
Image
The aesthetic serviceability of objects of beauty is not greatly nor universally heightened by possession.
Thorstein Veblen
Image
The corset is?a mutilation, undergone for the purpose of lowering the subject's vitalityand rendering her permanentlyand obviously unfit for work.
Thorstein Veblen
Image
The visible imperfections of hand-wrought goods, being honorific, are accounted marks of superiority in point of beauty, or serviceability, or both.
Thorstein Veblen
Image
The requirement of conspicuous wastefulness is... present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.
Thorstein Veblen
Image
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
Image
There are few things that so touch us with instinctive revulsion as a breach of decorum.
Thorstein Veblen
Image
The machine technology takes no cognizance of conventionally established rules of precedence it knows neither manners nor breeding and can make no use of any of the attributes of worth.
Thorstein Veblen
Image
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
Image
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
Image
In point of substantial merit the law school belongs in the modern university no more than a school of fencing or dancing.
Thorstein Veblen
Image
No one travelling on a business trip would be missed if he failed to arrive.
Thorstein Veblen
Image
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
Image
Beauty is commonly a gratification of our sense of costliness masquerading under the name of beauty.
Thorstein Veblen
Image
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
Image
In itself and in its consequences the life of leisure is beautiful and ennobling in all civilised men's eyes.
Thorstein Veblen