Anonymous ID: 40f705 July 29, 2020, 2:11 p.m. No.10117635   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

The Theory of the Leisure Class

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The Theory of The Leisure Class

The theory of the Leisure Class.jpg

Author Thorstein Veblen

Original title The Theory of the Leisure Class: An Economic Study in the Evolution of Institutions

Country United States

Language English

Genre Economics and sociology

Publisher Macmillan

Publication date

1899

Media type book

Pages 400 pp

OCLC 17647347

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 (9thโ€“15th 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.

 

Conducted in the late 19th century, Veblen's socio-economic analyses of the business cycles and the consequent price politics of the U.S. economy, and of the emergent division of labour, by technocratic speciality โ€“ scientist, engineer, technologist, etc. โ€“ proved to be accurate, sociological predictions of the economic structure of an industrial society.[1]

Anonymous ID: 40f705 July 29, 2020, 2:52 p.m. No.10118025   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

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