Thorstein Veblen Quotes about Community

It is always sound business to take any obtainable net gain, at any cost, and at any risk to the rest of the community.

It is always sound business to take any obtainable net gain, at any cost, and at any risk to the rest of the community.

Business, Community, Risk

Thorstein Veblen (1994). “Absentee Ownership: Business Enterprise in Recent Times : the Case of America”, p.191, Transaction Publishers

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

Mean, Names, Community

Thorstein Veblen (2016). “THE THEORY OF THE LEISURE CLASS: An Economic Study of American Institutions and a Social Critique of Conspicuous Consumption: Development of Institutions That Shape Society and Influence the Livelihood of Citizens: Based on Sociological & Economical Theories of Charles Darwin, Karl Marx, Adam Smith and Herbert Spencer”, p.54, e-artnow

With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper. In an industrial community this propensity for emulation expresses itself in pecuniary emulation; and this, so far as regards the Western civilized communities of the present, is virtually equivalent to saying that it expresses itself in some form of conspicuous waste.

Thorstein Veblen

Self, Community, Waste

The Theory of the Leisure Class ch. 5 (1899)

Thorstein Veblen Quotes about Community

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