The Theory Of The Leisure Class
The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is an economic treatise and detailed social critique of conspicuous consumption, as a function of social-class consumerism, which proposes that the social strata and the division of labor of the feudal period continued into the modern era. The lords of the manor employed themselves in the economically useless practices of conspicuous consumption and conspicuous leisure, whilst the middle and lower classes were employed in the industrial occupations that support the whole of society; economically wasteful activities are those activities that do not contribute to the economy or to the material productivity required for the fruitful functioning of society. Veblen’s analyses of business cycles and prices, and of the emergent technocratic division of labor by speciality (scientists, engineers, technologists) at the beginning of the 20th century proved to be accurate predictions of the nature of an industrial society.
Famous quotes containing the words theory and/or leisure:
“It is not enough for theory to describe and analyse, it must itself be an event in the universe it describes. In order to do this theory must partake of and become the acceleration of this logic. It must tear itself from all referents and take pride only in the future. Theory must operate on time at the cost of a deliberate distortion of present reality.”
—Jean Baudrillard (b. 1929)
“Tourism, human circulation considered as consumption ... is fundamentally nothing more than the leisure of going to see what has become banal.”
—Guy Debord (b. 1931)