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The need for conspicuous waste absorbs any rise in productivity once basic needs are met
Drawn from what Thorstein Veblen said
What Thorstein Veblen actually said
- Thorstein Veblen American economist and sociologist (1857 to 1929)
The need of conspicuous waste, therefore, stands ready to absorb any increase in the community's industrial efficiency or output of goods, after the most elementary physical wants have been provided for.
Where this was said
↗The Theory of the Leisure Class (1899)gutenberg.org
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