It is much more difficult to recede from a scale of expenditure once adopted than it is to extend the accustomed scale in response to an accession of wealth.
Thorstein Veblen (2016). “BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…”, p.69, e-artnow
