It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community.
"Thorstein Bunde Veblen" was an American economist and sociologist, and leader of the institutional economics movement. Veblen is credited for the main technical principle used by institutional economists, known as the Veblenian dichotomy. It is a distinction between what Veblen called "institutions" and "technology". Besides his technical work, Veblen was a popular and witty critic of capitalism, as illustrated by his best-known book The Theory of the Leisure Class (1899).
If you enjoy these quotes, be sure to check out other famous economists! More Thorstein Veblen on Wikipedia.The addiction to sports, therefore, in a peculiar degree marks an arrested development in man's moral nature.
The outcome of any serious research can only be to make two questions grow where only one grew before.
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.
Invention is the mother of necessity.
Born in iniquity and conceived in sin, the spirit of nationalism has never ceased to bend human institutions to the service of dissension and distress.
The dog commends himself to our favor by affording play to our propensity for mastery.
No one travelling on a business trip would be missed if he failed to arrive.
In point of substantial merit the law school belongs in the modern university no more than a school of fencing or dancing.
With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper.
In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.
Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.
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