The Theory of the Leisure Class


Book Description

Classic of economic and social theory offers satiric examination of the hollowness and falsity suggested by the term "conspicuous consumption," exposing the emptiness of many standards of taste, education, dress, and culture.




The Theory of the Leisure Class (Unabridged)


Book Description

The Theory of the Leisure Class was first published in 1899 by the Norwegian-American economist and sociologist Thorstein Veblen while he was a professor at the University of Chicago. The Theory of the Leisure Class is considered one of the first detailed critiques of consumerism. In the book, Veblen argues that economic life is driven not by notions of utility, but by social vestiges from pre-historic times. Drawing examples from the contemporary period and anthropology, he held that much of today's society is a variation on early tribal life. According to Veblen, beginning with primitive tribes, people began to adopt a division of labor along certain lines. The "higher status" group monopolized war and hunting, while farming and cooking were considered inferior work. He argued this was due to barbarism and conquest of some tribes over others. Once conquerors took control, they relegated the more menial and labor-intensive jobs to the subjugated people, while retaining the more warlike and violent work for themselves. It did not matter that these "menial" jobs did more to support society (in Veblen's view) than the "higher" ones. Even within tribes that were initially free of conquerors or violence, Veblen argued that certain individuals, upon watching this labor division take place in other groups, began to emulate the behavior in higher-status groups. Veblen referred to the emerging ruling class as the "leisure class." He argued that while this class did perform some work and contributed to the tribe's well-being, it did so in only a minor, peripheral, and largely symbolic manner. For example, although hunting could provide the tribe with food, it was not as productive or reliable as farming or animal domestication, and compared with the latter types of work, was relatively easier to perform. Likewise, while tribes occasionally required warriors if a conflict broke out, Veblen argued that militaristic members of the leisure class retained their position-and, with it, exemption from menial work-even during the extremely long stretches of time when there was no war, even though they were perfectly capable of contributing to the tribe's "menial" work during times of peace. At the same time, Veblen claimed that the leisure class managed to retain its position through both direct and indirect coercion. For example, the leisure class reserved for itself the "honor" of warfare, and often prevented members of the lower classes from owning weapons or learning how to fight. At the same time, it made the rest of the tribe feel dependent on the leisure class's continued existence due to the fear of hostilities from other tribes or, as religions began to form, the hostility of imagined deities. Veblen argued that the first priests and religious leaders were members of the leisure class. To Veblen, society never grew out of this stage; it simply evolved different forms and expressions. For example, he noted that during the Middle Ages, only the nobility was allowed to hunt and fight wars. Likewise, in modern times, he noted that manual laborers usually make less money than white-collar workers.







One Nation Under Dog


Book Description

A witty, insightful, and affectionate examination of how and why we spend billions on our pets, and what this tells us about ourselves In 2003, Michael Schaffer and his wife drove to a rural shelter and adopted an emaciated, dreadlocked Saint Bernard who they named Murphy. They vowed that they'd never become the kind of people who send dogs named Baxter and Sonoma out to get facials, or shell out for $12,000 hip replacements. But then they started to get weird looks from the in-laws: You hired a trainer? Your vet prescribed antidepressants? So Schaffer started poking around and before long happened on an astonishing statistic: the pet industry, estimated at $43 billion this year, was just $17 billion barely a decade earlier. One Nation Under Dog is about America's pet obsession—the explosion, over the past generation, of an industry full of pet masseuses, professional dog-walkers, organic kibble, leash-law militants, luxury pet spas, veterinary grief counselors, upscale dog shampoos, and the like: a booming economy that is evidence of tremendous and rapid change in the status of America's pets. Schaffer provides a surprising and lively portrait of our country—as how we treat our pets reflects evolving ideas about domesticity, consumerism, politics, and family—through this fabulously reported and sympathetic look at both us and our dogs.




Capital and the Debt Trap


Book Description

The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.




Quantitative Studies of the Renaissance Florentine Economy and Society


Book Description

Quantitative Studies of the Renaissance Florentine Economy and Society is a collection of nine quantitative studies probing aspects of Renaissance Florentine economy and society. The collection, organized by topic, source material and analysis methods, discusses risk and return, specifically the population’s responses to the plague and also the measurement of interest rates. The work analyzes the population’s wealth distribution, the impact of taxes and subsidies on art and architecture, the level of neighborhood segregation and the accumulation of wealth. Additionally, this study assesses the competitiveness of Florentine markets and the level of monopoly power, the nature of women’s work and the impact of business risk on the organization of industrial production.




Our Human Herds: The Theory of Dual Morality (Second Edition, Unabridged)


Book Description

Let us imagine that somewhere in present day South America a nation exists as the United States was constituted in 1789. George Washington is its president and Thomas Jefferson its secretary of state. It is a nation that allows only white males to vote, and its president, cabinet officials, and many of its citizens own slaves. If the America of 1789 existed right now, what would we think of it? Would it be right to invade it in order to liberate its people? Would we consider a complete embargo of it, until it changed its ways? Would it be a pariah among nations? Or would we recognize and cooperate with it, declaring its president and secretary of state political geniuses? Maybe we would just do nothing and trust that in 100 or so years it will straighten itself out? What would be the correct way to think of such a nation and its leaders? Three hundred years ago, if a woman was raped and became pregnant we’d kill the rapist and spare the baby. Today, we spare the rapist and kill the baby. One hundred years ago only heterosexual marriages were legal. Today political leaders around the world are celebrating gay relationships. How and why does our moral outlook change in such matters? By the time you are done reading this book, you will have concrete answers to these questions and many more. “This is a learned, thoroughly researched study - and dazzlingly bright. The effervescent approach to writing makes its pages fly by ... Studies as brilliant as this one deserve a far wider audience. An engrossing and mind-expanding examination of morality” ~Kirkus Reviews




The Theory of the Leisure Class


Book Description

The Theory of the Leisure Class Thorstein Veblen - The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise on economics and a detailed, social critique of conspicuous consumption, as a function of social class and of consumerism, derived from the social stratification of people and the division of labour, which are social institutions of the feudal period (9th15th c.) that have continued to the modern era.Veblen asserts that the contemporary lords of the manor, the businessmen who own the means of production, have employed themselves in the economically unproductive practices of conspicuous consumption and conspicuous leisure, which are useless activities that contribute neither to the economy nor to the material production of the useful goods and services required for the functioning of society, while it is the middle class and the working class who are usefully employed in the industrialised, productive occupations that support the whole of society.




Habsburg Galicia and the Romanian Kingdom


Book Description

This comparative attempt, intended for postgraduates and scholars of Eastern-Central Europe, investigates the political, economic, and cultural landscape of Habsburg Galicia and the Romanian Kingdom in the second half of the 19th century. Often, in historiography and in the public sphere alike, the two cases under study have been separately regarded as contexts that provided atypical answers to modernity, and parts of a region that has been regarded as atypical in itself. Recently, efforts have been made to integrate each of the cases in a post-imperial paradigm, identifying the complex interactions between their socio-political modernisation and historical memory. This book continues this trend by investigating for the first time the two cases together, as parts of a space of alterity, as labs of shifting ideologies and labels. The public figures and the institutions depicted in the book are physically located in Central and in Eastern Europe, but by sometimes competing experiences they are illustrative for several identities and historical realms, local, regional, and continental. Secondly, the current work addresses dilemmas related to Nationalism and nation building, for the sake of separating those discourses which reflected on civic nationalism from those which directed the public mind to the values of ethnic nationalism.




The Immoralist


Book Description

Set in an Algerian village, a young man, Michel, challenges the prevailing morality in his search for self-fulfillment.