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58 of 60 people found the following review helpful:
5.0 out of 5 stars
Is economics allowed to be this much fun?, December 24, 1998
By A Customer
It's true to say that Veblen's book is one of the great classics of economic theory; however, such a description suggests (at least to non-economists like myself) that the book will be either dull or remorselessly technical. On the contrary, "The Theory of the Leisure Class" is stylishly written, endlessly startling (for example, Veblen analyses religion as an outgrowth of the gambling instinct), and very, very funny. Its expose of "conspicuous consumption" (yes, Veblen was the one who invented this famous concept) is as relevant today as it was in 1899, if not more so. Whether or not you agree with all that he says, it's thought-provoking and exciting stuff.
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51 of 60 people found the following review helpful:
5.0 out of 5 stars
VERY FRESH 100 YEARS OLD BOOK, June 26, 2002
This opus by Veblen exposes the real meaning of the pecuniary advancement of the working and merchant classes, and the formation of elites based mostly upon money and asset valuation. The transfiguration of the traditional social and individual ethical values that this phenomenon produced, is portraited with clarity and sarcastic intelligence by the author in the book, first published in 1899. Now a classic of economic theory, as well as a text book of social science, it describes the tendencies of consumerism, leisure and the "materialization" of the ideals of the aspiring new princes (or noveau rich) of society. Veblen's vibrant satire of the tendency of the modern individual to believe that real accomplishment is all about aquiring a condition of ostentatious wealth and status, and his analisis of the inception of modern class structure in America, still stand, a century after, as recommended reading for historians and economists. If you are a fervent follower of advertisement, fashion, "glamour" and other modern expressions of consumerism , then you will find a surprisingly fresh portrait of yourself in this book. It worries me that the leisure class and its shallow views and values as described by Veblen, may still today represent elites in America and their religion, as analyzed by professor Lash in his last book "The Revolt of the Elites". I highly recommend Veblen's best book, to scholars and sociologists at large.
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26 of 32 people found the following review helpful:
4.0 out of 5 stars
Leisure as Disease, December 8, 2001
Known by his contemporaries as the only social theorist to apply Darwin critically, in 1899 Thorstein Veblen published The Theory of the Leisure Class: A Economic Study of Institutions, which was to become the basis from which all further American leisure history and theory stemmed. In his study, Veblen is primarily concerned with the "new rich," whom he regards as social parasites that retard the growth of modern life. Thorstein Veblen wrote The Theory of the Leisure Class from a perspective that was largely isolated from his own culture, which either aided in his understanding of the Leisure Class or perhaps negatively influenced his opinions due to his exclusion from it. In The Theory of the Leisure Class, Veblen essentially confines man and woman's existence on the planet as a struggle to change and adapt with the growth of their communities. Through this belief, Veblen develops a theme that amounts to the idea of a certain "dominant" type of individual. This individual develops a social structure through dominance in which social advance is sought by others. She/he will feel the discrepancy between the modern life and traditional life during the process. Though Veblen's rhetoric is sometimes anxious, sometimes negative, he actively pursues a specific account of the origins of the Leisure Class through individuals. The struggle for individual advancement eventually expands to include society, and the more individual struggle for advancement in society leads to the accumulation of surplus goods. Surplus of conspicuous consumption by the Leisure Class gives the class license to indulge shamefully in pure conspicuous consumption, where their occupations eventually become leisure itself. These "professions" of the Leisure Class by nature render it closed, and impenetrable by outsiders. Thorstein Veblen wrote the Leisure Class represented the new phenomena of conspicuous consumption compared to pre-Industrialized wealthy communities as well as contemporary working-class ones. But as intellectual inquiry into the topic of leisure has progressed over the past one hundred years, leisure has come to hold a number of definitions and meanings.
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