Community Quote by Thorstein Veblen
“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.”
About This Quote
Source Book: The Theory of the Leisure Class, 1899
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.
Recognize and question status-driven spending.
Themes
Mood
Type
When to use this quote
- marketing strategy
- personal finance
- sociology research
- public policy
Key Concepts
Questions to Reflect On
- How does conspicuous consumption affect inequality?
- Can societies shift values away from material display?
Focus on substance over appearance can reduce waste.