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Leisure class theory

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Leisure class theory
4.99 €
In 1899, the publication of the treatise "The Theory of the Leisure Class" sparked a wave of excitement around its author, American economist Thorstein Veblen. Veblen defined the "leisure class" as the elites who had switched from rational production to conspicuous consumption. Veblen traces the development of the tradition of conspicuous consumption—a term coined by Veblen—from the feudal Middle Ages to his own time, simultaneously exposing, with the caustic wit of a satirist, the emptiness and artificiality of such cherished social goals as the desire to achieve wealth with all its external manifestations and high social status.

Since its first publication, the work has become a classic of socioeconomic thought and policy, and
its influence extends far beyond the economic sphere. Echoes of Veblen's theories can be heard in the works of Henry James and F. Scott Fitzgerald, and his treatise itself remains relevant and engaging even a century later.
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