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The Theory of the Leisure Class (Oxford World's Classics) [Paperback]

Thorstein Veblen , Martha Banta
4.5 out of 5 stars  See all reviews (2 customer reviews)
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Book Description

28 May 2009 0199552584 978-0199552580 Reissue
'Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.'

In The Theory of the Leisure Class Thorstein Veblen sets out 'to discuss the place and value of the leisure class as an economic factor in modern life'. In so doing he produced a landmark study of affluent American society that exposes, with brilliant ruthlessness, the habits of production and waste that link invidious business tactics and barbaric social behaviour. Veblen's analysis of the evolutionary process sees greed as the overriding motive in the modern economy; with an impartial gaze he examines the human cost paid when social institutions exploit the consumption of unessential goods for the sake of personal profit. Fashion, beauty, animals, sports, the home, the clergy, scholars - all are assessed for their true usefulness and found wanting. The targets of Veblen's coruscating satire are as evident today as they were a century ago, and his book still has the power to shock and enlighten. Veblen's uncompromising arguments and the influential literary force of his writing are assessed in Martha Banta's Introduction.

ABOUT THE SERIES: For over 100 years Oxford World's Classics has made available the widest range of literature from around the globe. Each affordable volume reflects Oxford's commitment to scholarship, providing the most accurate text plus a wealth of other valuable features, including expert introductions by leading authorities, helpful notes to clarify the text, up-to-date bibliographies for further study, and much more.

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Product details

  • Paperback: 304 pages
  • Publisher: OUP Oxford; Reissue edition (28 May 2009)
  • Language: English
  • ISBN-10: 0199552584
  • ISBN-13: 978-0199552580
  • Product Dimensions: 12.8 x 1.3 x 19.6 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 30,443 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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4 of 4 people found the following review helpful
By AK TOP 500 REVIEWER
Format:Paperback
The book is a classic, when it comes to describing the modern economic, sociological and psychological makeup of society in spite of being first published in 1899. It can still be used as a guide to all those sciences, as well as a good introduction into where and how marketing / advertising can work / appeal.

The authors starts with the gender role evolution (a similar, more modern text on the same subject, which might be an easier read is Jared Diamond's Science Master: Why Is Sex Fun? The Evolution Of Human Sexuality (Science Masters)) and then traces the development from the early, relatively undifferentiated society to the more modern, stratified one, characterised by the pecuniary (leisure) class on the one hand, and the industrial one on the other. The author then proceeds to show the role of dress, conspicuous consumption, leisure time, sports, institutions, religion, animism (aka luck), as well as education in strengthening and maintaining the system, always relating back to what developmental aspects lead to their development.

It makes for fascinating reading, both in terms of the clarity of thought the author applied, as well as how modern the work still is content wise, and how applicable to today's society, over 100 years after the book was first published. The evolutionary perspective, as used by the author, took a long time to be used so insightfully and comprehensively in social science research by others later on in the 20th century.

On top of that the work exudes a certain wittiness / sarcasm, which is not really apparent in a phrase or sentence, but comes across in the overall feel of it. There are no laugh out loud moments here but there will be a twinkle in your eye after reading a chapter.

The final comment I'd like to make about it is the writing style - this is the only aspect of the book, where the publication date is clearly apparent. It is relatively heavy going, with a rich but ponderous language (Veblen is no Stephen Fry), long sentences, no attempts at signposting, or introducing and concluding chapters, or for that matter, the book. It is not a commuting, holiday, or goodnight read, it does require one to apply oneself to it a bit more thoroughly.
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2 of 3 people found the following review helpful
Format:Paperback
A wonderful, penetrating, thought-provoking work. Highly original and leaves you wondering why it isn't better known. It isn't the best-written book, but that is more than made up for by the content. Veblen's account has echoes of marxism in some of its claims, but is more convincing in its analysis. Indeed, in some ways it is more radical. However, it doesn't have the visionary appeal of marxism to certain class interests. It therefore lacks a constituency ready to promote it beyond those interested in the best social science from an academic point of view. You can see why it was often taken as a satire and why Veblen was disappointed by that. Some of his claims take your breath away; not by their audacity but by their insight. There's one blot in his dabbling with racial and ethnic theorising, but even here he is concerned to debunk the claims of elitists and racists rather than reinforce them. His discussion of gender relations is especially acute, though you have to re-read his final discussion of the subject (of 'new woman') before you realise that he is subtly explaining the problems that feminism faces rather than attacking the feminist movement.
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Amazon.com: 3.6 out of 5 stars  7 reviews
5 of 5 people found the following review helpful
5.0 out of 5 stars Occypy Wall Street read this book! 11 Nov 2012
By Nancy L. Brown - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
Clearly delineates the two figures on the historical horizon: the earlier, "savage" man (or woman - Veblen regards women as those responsible for humanity's progress in food) who labors, admires craftsmanship, and, the later "barbaric" man: the predator who, by force and fraud, seizes and controls the usufruct to the detriment of the underlying population. In the semi-peaceful modern period, the barbarian is the pecuniary (monied)class, the businessmen and vested interests who seek a profit, as opposed to the technologists and laborers in charge of the actual production of goods. The profit comes usually at the sabotage of production, and is a matter of salesmanship, not technological knowledge. In this book Veblen paints the mindset of the pecuniary class: make believe: an anthropomorphic god, gradations in rank, and a showing of status by Not Working: conspicuous liesure, conspicuous waste, so that those who actually do work will find work "irksome" due to an envious comparison with the non-worker. With this book you'll learn why we have lawns rather than urban gardens, why sports and entertainment are so highly valued, why people hunt, why no one picks up garbage in a public place, why stock market crashes are the rule rather than the exception, why women paint their nails and bind their feet, and why there are priests even today. The man who predicted the stock market crash of 1929 and the world war to follow World War One, presents to you his very first book. Also, those who wish to improve their vocabulary and the grammar of an argument could not find a better teacher.
7 of 8 people found the following review helpful
4.0 out of 5 stars A shot of wry 2 July 2012
By Simon G. Barrett - Published on Amazon.com
Format:Paperback
One of those works, like Charles MacKay's Extraordinary Popular Delusions and the Madness of Crowds that merits a place in any library of a hundred or two stretching from Gilgamesh (or, if we're staying anglophone, Gawain) to, let's say, The Economic Consequences of the Peace. (The clamour of the modern era is altogether too deafening.) Some will find Veblen's spiky style impenetrable - and it is infuriatingly circuitous; I, by contrast, get bogged down in the spongey MacKay

Veblen's curious wry tone summons the ghost of Gibbon or, before him, Johnson:
'There was undoubtedly some appropriation of useful articles before the custom of appropriating women arose'
'[T]he possession of wealth has become the basis of commonplace reputability and of a blameless social standing'

The total absence of a bibliography I find refreshing; presumably Gibbon didn't bother with such things either. Curious that this edition has received no reviews. If Martha Banta's introductions are all as good as this she's doing a damn fine job - I'd taken her for some kind of Veblen maven
3 of 3 people found the following review helpful
5.0 out of 5 stars Theory of Economic Life 17 Dec 2012
By James F. Mueller - Published on Amazon.com
Format:Paperback
Thorstein Veblen's book really is a fascinating study of American economic life. His thesis can be summarized this way: people consume goods in order to demonstrate their wealth and reputability to others. Thus, consumption is directed not at the satisfaction of the person himself, but aims rather to please and pique the opinions of others. A fascinating book with engaging prose.
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