Theory of the Leisure Class by Thorstein Veblen

The Theory of the Leisure Class by Thorstein Veblen, published in 1899, is a critical examination of the socio-economic behaviors of the affluent class in late 19th-century America. Veblen introduces concepts such as "conspicuous consumption" and "conspicuous leisure," arguing that the wealthy engage in ostentatious displays of wealth and leisure to signal their social status.

Veblen critiques the values of capitalism and the impact of consumer culture on society. He posits that the leisure class uses its economic power to differentiate itself from other classes, perpetuating a cycle of social stratification. The book explores how societal norms around consumption and leisure shape individual behavior and societal values.

Veblen's analysis also touches on the distinction between productive work and nonproductive leisure, asserting that the leisure class often derives its status from activities that do not contribute to economic productivity. His work laid the groundwork for future economic and sociological thought, influencing discussions on class, consumption, and social dynamics.