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Thorstein Veblen - The basis on which good repute in...

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)

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

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basis community consumption gaining good goods industrial leisure name repute retaining showing strength means

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