Quote by: Thorstein Veblen

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.


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Author Bio


  • NameThorstein Veblen
  • DescriptionAmerican academic
  • BornJuly 30, 1857
  • DiedAugust 3, 1929
  • CountryUnited States Of America; Norway
  • ProfessionEconomist; Sociologist