We Have Entered The Twilight Of The Leisure Class
[This post is published with permission from the personal blog of SEC Senior Policy Advisor Rick Bookstaber.] Conspicuous leisure, conspicuous waste, conspicuous consumption. Veblen coins these terms in Theory of the Leisure Class to describe the strategies the noble and priestly classes employ to assert their status. Veblen observes that a life of leisure is the readiest evidence […]