The need of conspicuous waste... stands ready to absorb any… - Thorstein Veblen

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The need of conspicuous waste... stands ready to absorb any increase in the community's industrial efficiency or output of goods.

Thorstein Veblen

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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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John Kenneth Galbraith Jean-Baptiste Say Adam Smith Ivan Illich Edward Bellamy

Additional quotes by Thorstein Veblen

All ritual has a notable tendency to reduce itself to a rehearsal of formulas.

It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community.

Leisure held the first place at the start, and came to hold a rank very much above wasteful consumption of goods... From that point onward, consumption has gained ground, until, at present, it unquestionably holds the primacy.

The need of conspicuous waste... stands ready to absorb any increase in the community's industrial efficiency or output of goods. - Thorstein Veblen

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