Page "Conspicuous leisure" Paragraph 2

Veblen argued that conspicuous leisure had deep historical roots reaching back into prehistory, and that it " evolved " into different forms as time passed.

One example he gave was how, during the Middle Ages, the nobility was exempted from manual labor, which was reserved for serfs.

Like owning land, abstaining from labor is a typical display of wealth and one that becomes more problematic as society develops into an industrial one.

With the emergence of individual ownership, the leisure class completely stops contributing to the well being of their community.

They no longer perform honor-positions, thus totally negating their usefulness to the society.

And as society moves away from hunting and agriculture, and towards industrialization, the leisure class can no longer simply take resources from others.

This is where Veblen offers us an image of the decaying Lord or Lady who has lost his or her fortune but is unable to engage in labor in order to live.

These wealthy elite see labor as menial and vulgar, yet once they can no longer live their worthy life of leisure they suffer from an inability to preserve themselves.