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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.” 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

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.

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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