Theory of the Leisure Class

"e;The Theory of the Leisure Class"e; is a classic examination of the economics of the upper classes and the impact that their habits have upon society. In this work Thorstein Veblen coins the phrase "e;conspicuous consumption"e; to describe the often wasteful and unnecessary use of resources that is typical of the wealthiest members of a society. Veblen argues that the social values of the rich have greatly contributed to a lack of substantive culture and proper use of wealth in our society. "e;The Theory of the Leisure Class"e; is a classic of economics and sociology that is as relevant today as when it was first written.