Comments on: Comments on 21204

Post number 21204

y2karl — Tue, 29 Oct 2002 23:27:45 -0800

Thorstein Veblen , Economist and Social Commentator, who contributed to the common tongue the phrase conspicuous consumption.

Who was Thorstein Veblen--and why should anyone care?

I should like him for his writing style alone:

The appreciation of those evidences of honorific crudeness to which hand-wrought goods owe their superior worth and charm in the eyes of well-bred people is a matter of nice discrimination. It requires training and the formation of right habits of thought with respect to what may be called the physiognomy of goods. Machine-made goods of daily use are often admired and preferred precisely on account of their excessive perfection by the vulgar and the underbred who have not given due thought to the punctilios of elegant consumption. The ceremonial inferiority of machine products goes to show that the perfection of skill and workmanship embodied in any costly innovations in the finish of goods is not sufficient of itself to secure them acceptance and permanent favor. The innovation must have the support of the canon of conspicuous waste. Any feature in the physiognomy of goods, however pleasing in itself, and however well it may approve itself to the taste for effective work, will not be tolerated if it proves obnoxious to this norm of pecuniary reputability.

From Chapter Six - Pecuniary Canons of Taste of the work entire, The Theory of The Leisure Class. Feel free to consume conspicuously.

By: y2karl

y2karl — Tue, 29 Oct 2002 23:46:03 -0800

I should note that ll these links come from Elegant Technology, who are doing God's work here: Veblen is important in both the histories of economics and satire, too.

By: Pseudoephedrine

Pseudoephedrine — Wed, 30 Oct 2002 02:53:51 -0800

I actually brought Veblen up a week or two ago in regards to the Tightwad Chic article. Thanks for the link to the online work, y2karl. That's going in the bookmarks.

By: troutfishing

troutfishing — Wed, 30 Oct 2002 04:14:00 -0800

Thanks, y2karl. I've noticed this social/cultural aspect - hey, I'm even subscribing to the "punctilios of elegant consumption" in my own home decorating - but Veblen immortalizes it in all the glory of his clinically sardonic prose.

By: Ufez Jones

Ufez Jones — Wed, 30 Oct 2002 07:03:45 -0800

I always loved it when Professors would try to bring up Veblen in my econ classes, just b/c none of them had paid enough attention to him to say much, and they'd kind of stammer a bit. I really enjoyed Theory of the Leisure Class. In addition to "conspicuous consumption", he's also credited by most as the first to coin the (not as common) expression "Churches as Chain Stores".

By: kliuless

kliuless — Wed, 30 Oct 2002 07:09:29 -0800

i wrote a highschool paper on the history of leisure and veblen figured prominently in it, good stuff! here's some other stuff on leisure economics:

a everything2.com link in praise of idleness by betrand russell
a www.zpub.com link the abolition of work by bob black
a www.theatlantic.com link waiting for the weekend by witold rybczynski
a www.zmag.org link the overworked american by juliet schor
a www.basicincome.com link the end of work by jeremy rifkin
a www.idlex.freeserve.co.uk link idle theory by chris davis
a www.hermenaut.com link an idler's glossary by joshua glenn
a www.transaction.net link the future of money by bernard lietaer
a www.thememorybank.co.uk link money in an unequal world by keith hart

(xpost :)

By: rushmc

rushmc — Wed, 30 Oct 2002 09:00:38 -0800

Seems like conspicuous consumption of front page space...but interesting linkage.

By: y2karl

y2karl — Wed, 30 Oct 2002 09:50:27 -0800

psuedoephedrine *sniff* --it was your comment that jogged my memory about the Veblen link. Thanks for the links kliuless, although I must allow I'm a little leery of Bob Black after he allegedly narc'd out Jim Hogshire, Mr. Poppy Tea, of Pills A Go Go fame--to the Seattle Police and FBI!--after a disastrous falling out. Which involved Hogshire pointing a rifle at him at one point, of course, so they came off looking like wackos, all in all... ps. Oh, poo, rushmc...