A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once b… - Thorstein Veblen

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A standard of living is of the nature of habit. ...it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.

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About Thorstein Veblen

Thorstein Bunde Veblen (30 July 1857 – 3 August 1929) was a Norwegian-American sociologist and economist and a leader of the Efficiency Movement, most famous for The Theory of the Leisure Class (1899).

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Native Name: Thorstein Bunde Veblen
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Additional quotes by Thorstein Veblen

Systematic insincerity on the part of purveyors of information and leaders of opinion may be deplored by persons who stickle for truth and pin their hopes of social salvation on the spread of accurate information. ...[T]he insincerity is guided by a wish to avoid any lesion of the received preconceptions and prejudices. The insincerity of the newspapers and magazines seems, on the whole, to be of a conservative trend.

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"Snobbery" is here used without disrespect, as a convenient term to denote the element of strain involved in the quest for gentility on the part of persons whose accustomed social standing is less high or less authentic than their aspirations.

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