Veblan Flashcards
1
Q
Who is Veblen writing about?
A
He is writing in the Victorian era about the wealthy, upper class. The leisure class.
2
Q
Pecuniary Emulation
A
Wanting to display your wealth to gain esteem and envy of others.
3
Q
Satiation of wealth accumulation
A
Collecting wealth in excess
4
Q
Acquisitions provide diminishing rates of return
A
The more one has, the lass satisfying it is to gain more wealth
5
Q
Conspicuous consumption
A
non-productive consumption of goods, wasting goods
6
Q
Noble and ignoble occupations
A
Working was seen as weakness. The upper class was exempt from industrial processes.
7
Q
Middle class families and wife’s role
A
If the husband had to work to support the family, the wife participated in conspicuous leisure for the sake of the families social standing.
