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Travel to foreign lands, learning
languages, and acquiring knowledge
about other cultures were powerful
status symbols for wealthy Europeans
in the 18th and 19th centuries.
Worse still, the privileged class
consistently impedes positive
social advancement through its
deliberate mismanagement of
industry and society generally.
Social recognition
Veblen’s concept of “conspicuous
consumption” is his most renowned
contribution to economic and
sociological theory. Framed by
the Darwinian notion that all life
represents an ongoing struggle
for resources in the pursuit of
advancement of the species (or
in the case of human societies,
the groups to which individuals
belong), Veblen argues that under
capitalism the majority of human
behavior is determined by
struggles for social recognition,
status, and power. This is most
evident in relation to patterns of
consumption and leisure.
Conspicuous consumption
refers to spending money on, and
consumption of, nonessential
luxury goods in order to display
to other members of society
one’s own economic and material
wealth. An example of this is the
modern business tycoon who buys
an expensive yacht so that he can
entertain friends and clients. It is
not the utility value of the yacht
(whether or not it is an effective
means of transport) that matters
to the tycoon; rather, its value is as
a highly conspicuous signifier of
the wealth at the tycoon’s disposal,
for which he will receive both
admiration and respect.
Leisure and waste
Closely bound to Veblen’s concept
of conspicuous consumption is
the notion of conspicuous leisure:
the vast amount of time that
members of the leisure class spend
in pursuit of activities that are
neither economically nor socially
productive. Very simply, leisure
implies an absence of work. For
members of this privileged class
who have sufficient distance from
economic necessity (the need to
work), the nonproductive use of
time can be used to further their
social prestige and class position.
Going on exotic foreign vacations
and learning about other countries
are classic examples of conspicuous
leisure, according to Veblen.
The inevitable consequence
of conspicuous leisure and
consumption is the production of
unnecessary waste. Conspicuous
waste, argues Veblen, derives from
the amalgamation of conspicuous
consumption and conspicuous
leisure. The net result of these two
activities is that socially valuable
resources (the raw materials and
human labor essential for the
production of consumer goods
and services) and time are wasted.
A glaring example of this culture
of waste is the depletion of natural
resources such as oil and minerals
in the manufacture of luxury ❯❯
See also: Karl Marx 28–31 ■ Charles Wright Mills 46–49 ■ Pierre Bourdieu 76–79 ■ Anthony Giddens 148–49 ■
Herbert Marcuse 182–87 ■ Colin Campbell 234–35 ■ Herbert Spencer 334
WORK AND CONSUMERISM
The concept of “Veblen goods,” or luxury goods
that signal high status, appeared in economic theory
in the 1970s. In a reversal of usual trends, the higher
the price of these items, the more they are desired.
DESIRE FOR LUXURY ITEM
PRICE OF LUXURY ITEM
Desire for goods increases
as price increases.