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 VeblenAbout author
- Author's profession: Economist
- Nationality: american
- Born: July 30, 1857
- Died: August 3, 1929
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