“The need of conspicuous waste… stands ready to absorb any increase in the community's industrial efficiency or output of goods.”

— Thorstein Veblen , book The Theory of the Leisure Class

Source: The Theory of the Leisure Class (1899), p. 110

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The need of conspicuous waste… stands ready to absorb any increase in the community's industrial efficiency or output o…" by Thorstein Veblen?

Thorstein Veblen 41

American academic 1857–1929

Related quotes

“As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, rather than slackened to a more comfortable pace.”

Thorstein Veblen book The Theory of the Leisure Class

Source: The Theory of the Leisure Class (1899), p. 111

“Modern industrial design is based on the principle of conspicuous economy [but] the bourgeois culture which dominates the Western World is founded… on the principle of conspicuous waste.”

Lewis Mumford (1895–1990) American historian, sociologist, philosopher of technology, and literary critic

Lewis Mumford (1930) Modern American design. R.L. Leonard, & ‎C.A. Glassgold (eds.), ‎American Union of Decorative Artists and Craftsmen. p. 9; As cited in: V.T. Clayton et al. Drawing on America's Past, p. 28

“According to Taylor, the principles of Efficiency are:
(1) Science, not rule of thumb.
(2) Harmony, not discord.
(3) Cooperation, not competition.
(4) Maximum output, not restricted output.
(5) The development of each man to his greatest efficiency and prosperity.”

Herbert N. Casson (1869–1951) Canadian journalist and writer

Source: 1910s, Ads and Sales (1911), p. 8

“However widely, or equally, or "fairly", it may be distributed, no general increase of the community's wealth can make any approach to satiating this need, the ground of which is the desire of every one to excel every one else in the accumulation of goods.”

Thorstein Veblen book The Theory of the Leisure Class

Source: The Theory of the Leisure Class (1899), p. 32

“Our future as an industrial and trading nation depends on the success of our export drive. Increased production and increased exports are vital to the health of the shipping industry. … Our fundamental need is still increased production to enable us to increase our volume of exports and so pay for our imports. … That is the need of the country to-day.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Prime Minister
Source: Speech to the Chamber of Shipping of the United Kingdom at the Dorchester Hotel (13 October 1949), quoted in The Times (14 October 1949), p. 4

“It is becoming perfectly clear that the principles underlying industrial and military efficiency are the same and that a nation, to be efficient in a military sense, must first be efficient industrially”

Henry Gantt (1861–1919) American engineer

Source: Industrial leadership, 1916, p. 936) cited in: P.B. Petersen (1986) "Correspondence from Henry L. Gantt to an old friend reveals new information about Gantt". In: Journal of Management Fall 1986 vol. 12 no. 3 pp. 339-350.

“Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Rise & Fall of Society (1959), p. 56

“A leading firm that controlled a large portion of the output of a given organizational field operated as a price setter. To set prices, the actors in that firm had to control their suppliers and marketing in order to increase their own efficiency and have the potential to cut off other firms from supplies or customers.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 89

“We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control. …The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality.”

J.A. Hobson (1858–1940) English economist, social scientist and critic of imperialism

The Evolution of Modern Capitalism: A Study of Machine Production (1906), Ch. XVII Civilisation and Industrial Development
Context: We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control.... The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality.<!--section 11, p. 417

“The requirement of conspicuous wastefulness is… present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.”

Thorstein Veblen book The Theory of the Leisure Class

Source: The Theory of the Leisure Class (1899), p. 126

“The need of conspicuous waste… stands ready to absorb any increase in the community's industrial efficiency or output of goods.”

Help us to complete the source, original and additional information

Thorstein Veblen 41

Related quotes

Related topics