Sidharth Vardhan

Respectablity of Rich – Theory of Leisure Class

(Review of by Thorstein Veblen’s’The Theory of Leisure Class’First written on July 8, 2015) “For the last half of my life, I’ve learned to say ‘sir’. Its word you use when you’ve come down in the world.” Fyodor Dostoyevsky (Brother Karamazov) There were times in my early teens when I was confounded when upon being called by such titles like ‘sir’ by some manual-laborer, some tourist guide or like, a person much older than me – I’m a very absent-minded and in some way abnormal person and often end up in being ignorant of things which most people have already got used to – even now I feel uncomfortable being waited upon, which is at times embarrass my friends. Anyway, this observation shocked me because I didn’t fit any grounds for such respect known to me- the person in the question was obviously older and unlike me was earning and self-dependent. I, I was just a kid. Why such respect? With time I learned it was simply because I was richer. This book has a term for this phenomenon – Pecuniary respect. To date and even in the best of minds; other things being equal, a wealthy person, even one

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