Quotation by Thorstein Veblen

The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.
Thorstein Veblen (1857–1929), U.S. social scientist. The Theory of the Leisure Class, ch. 4 (1899).
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