This section contains 596 words (approx. 2 pages at 400 words per page) |
Economics
The Theory of the Leisure Class is a book about economics, in spite of Veblen's style of writing. Even though there is no use of the terms demand and supply, the book is an analysis of the modern lifestyle in Veblen's time. Veblen is analyzing the economic life of societies. He is studying the class distinctions that exist in society and where they came from. How did the leisure class develop? How did the institution of property come into being and why?
In using the terms conspicuous and vicarious consumption and leisure, Veblen is basically doing a demand and supply analysis of the classes of society. He looks at the consumption patterns of the upper class because this affects the rest of society through the mechanism of emulation.
Societal change is the result of the forces of economics. Many changes come about in response to pecuniary pressures. Since...
This section contains 596 words (approx. 2 pages at 400 words per page) |