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The basis on which good repute in any highly organized…

“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.” quote by Thorstein Veblen
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“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

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Social status is built on wealth display, using leisure and conspicuous consumption to signal prestige.

In simple terms: People show status by buying flashy things.

Key Takeaway

Recognize and question status-driven spending.

Themes

economics social class consumer behavior

Mood

critical reflective

Type

sociological philosophical

When to use this quote

  • marketing strategy
  • personal finance
  • sociology research
  • public policy

Key Concepts

conspicuous consumption social signaling

Questions to Reflect On

  • How does conspicuous consumption affect inequality?
  • Can societies shift values away from material display?
A Different Perspective

Focus on substance over appearance can reduce waste.

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