The Theory of the Leisure Class


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Essay #: 067378
Total text length is 12,857 characters (approximately 8.9 pages).

Excerpts from the Paper

The beginning:
The Theory of the Leisure Class
The economic world has changed radically over the past few years. We tend to think that our economic structure is suitable for the modern world in all of the scary elements it has within it. However many like Thorstein Veblen, posit the idea that our economic structure is nothing new. In fact, Veblen believes quite the opposite. Rather, he states that our current economic structure is tied too much older practices.
Veblen's ideas were very revolutionary at the time. Unlike many of his contemporaries, Veblen believed our capitalistic structure did stem from feudal times. His work, Theory of the Leisure Class, presents a much different picture of the roots of our economic structure. Rather than it being fixed...
The end: time for the lower classes. The average blue-collar worker spends an average of between 42 and 51 hours at work in 1965 (Landsberg 1). Now, the same types of employment position spend about 36 to 40 hours of work, notably less than in 1965. According to the research, "overall, depending on exactly what you count, he's got an extra 6 to 8 hours a week of leisure--call it the equivalent of nine extra weeks of vacation per year," (Landsberg 1). This time spent working has actually decreased as more and more levels of the class structure take part in conspicuous consumption as their powers as consumers increase. Yet they are not always capitalizing on this extra time and spend it rather consuming than saving.
Works Cited
Landsburg, Steven E.