Thorstein Veblen (Theory of the Leisure Class)

[@NikosKoutsilieris]

Amazing. Thanks man 🙏

[@harpershaw2617]

Very high-quality information, much better than what I received in my Economics class last semester. Cheers

[@alaabrick9949]

Well, it seemed that I found another great, but underestimated, KZbin channel. That's amazing ☺️

[@Potencyfunction]

Go the *uck to hell with your tube invasion, you *uking mental ill, unable to comprehend a good read/ride and all the rest. * ucking shit, disgusting mental incapacitated barking shit. That is not the way people talk and read. Go all the way to hell, animal abuser mental ill.

[@Capitolhost]

Thank you so much for this introduction! I am wondering if you can possibly answer this even though the video is quite old; you spoke about gambling as an aspect of the leisure class. Most examples of gambling that come to my mind however are lower class people & gambling addictions. I immediately theorised it might be emulating behaviour as a previous slide mentioned this general aspect. Or might it be a form of wishful thinking/perception as being (close to) the leisure class? I’d love to hear your insight!

[@TimothyKerswellPhD]

@@Capitolhost Sorry for the delay to answering your question. But yes you have it correct the general idea following Veblen is that the Leisure Class gambles for fun and then fulfilling a status drive the lower classes engage in pecuniary emulation (the addictive part is probably better explained by psychology or cognitive science)

[@apextamang2009]

we need please such stuffs more .if possible with recomedation of some buch . thanks a lot . great effort ..hudge respect

[@hamayoonshah1990]

Such an amazing instructor. I wish you only success

[@themaximusprime7029]

Mentioning Bob Dylan made my day. I was surprised.. good connection

[@justme-hh4vp]

Really enjoyed this lecture. Although it may not fit the technical description of use value, is wanting to show status not a utility in itself? Beyond expression of status, It may confer certain benefits of group membership that have value in terms of opportunity, so is it really so irrational? Veblen and Marx could be reconciled as the symbols of wealth are useful indicators of whom to target come the revolution, hence the super rich prefer inconspicuous consumption!

[@TimothyKerswellPhD]

@@justme-hh4vp you might like this article, it’s a little old but attempts to do what you’re talking about: doi.org/10.1080/00213624.1979.11503612

[@muhammadanugrah5895]

Came late, but I really admire your lecture

[@Potencyfunction]

Late have an explanation. Go to hell as a result . Dont limit people´s consumption by being a jerk, showing only destruction and nothing good for future. Because what u did in past, u will also do in the future. Because a long term view with standards of shit, will never transform to a profitable business. Stay in your "bench" when you have no knowledge about how life work.

[@abcrane]

thank you for this, I'm developing a theory on the role of boredom in consumption and labor with reference to both Wilhelm Reich's and Veblen's theories. very helpful.

[@TimothyKerswellPhD]

That sounds really interesting, I'd love to see your exploration of how boredom impacts consumption and labour, I hope it goes well

[@abcrane]

@@TimothyKerswellPhD [e-mail] feel free to email me (disclaimer: I'm an autodidact so I have not been peer reviewed)

[@jasonhuntchicago]

Reich was being propped up by US intelligence. Adolf Berle in particular set him up so he could come to the USA. There is a great shot of a relative of mine with him after getting booted from the Freudian clique. All the psychoanalysts were pushed to the fore by UK/US/French intelligence…

[@abcrane]

@@jasonhuntchicago is that pic online ? That was intense time for field of psychology . Reich was tough as nails to do what he did and accomplish so much

[@jasonhuntchicago]

@@abcrane Seems the comment disappeared…simply search Rudolph Loewenstein/Wilhelm Reich and go to images. Rudy is lightning his cigarette. Also, it’s in a book by Makari.

[@stephenkrus]

Thank you Sir. Just the topics the Veblen talk about makes reflect on a lot things. Especially the "Conspicious Consumption". Makes me that being rich and successful... well the facade of it is "trap". I'd rather live in another way... a simple life yet still financially well-off and not virtue-signal the status how rich you are. In the end... the other people give zero fucks. It's all just vanity and stroking one's ego. 🤔

[@gringote1783]

do you think Veblen's concept of conspicuos leisure applies to medicine in the context of a highly commodied system, such as the US? Or if something like a pharmaceutical or bioengineered product, can function like a Veblen good in terms of pricing without being conspicuous leisure product?

[@isidoreaerys8745]

Excellent lecture but you missed my Favorite point of the Whole book: The way women’s apparel is so adverse to Economic production is by design. The synthesis of the idea in the chapter before. By placing his woman in physically debilitating outfits a man by extension shows off his own indifference to work and status within the leisure class. Which is of course an extension of Veblen’s theory about Women themselves being the origin of the concept of private property. That patriarchical violence is the warp of the very fabric of our barbaric society.

[@EG-ko4kq]

He actually did address this point.

[@hameedsadr7123]

I think we should have a cap on the transfer of wealth in form of inheritance and give the excess to the state to be invested on the social, educational, medical, and public infrastructures. For example, set the maximum amount that could be transferred as inheritance per household to $10 million. So, if someone died leaving $20 million behind they could only transfer $10 million to their heirs and the rest would go to the state to be used in the social and economical programs

[@TimothyKerswellPhD]

A very generous cap, but you’re right a lot of good could still be done with this :)

[@hameedsadr7123]

Thank you so much for the lecture. It’s highly informative, well organized, and concise. I’ve just started watching all your lectures in your channel 😊 I’m proposing the redistribution of excess wealth after death since Veblen believes rightly that the creation of the leisure class originated from the ownership of properties. I think as we have a progressive taxing system we should have a cap on the transfer of wealth to heirs to create a more levelled playing field for the next generation. The details could be worked out and refined by the legislatures to ensure it doesn’t negatively affect creativity and healthy competition among business community. Just an idea 🙂

[@DA-sv2iw]

This is a horrible idea. I owe nothing to the state.

[@ronin7284]

I thoroughly enjoyed it sir!😄☕

[@TimothyKerswellPhD]

I'm glad it wasn't too bad Sameer, hope the studying is going well!

[@Potencyfunction]

The book is good and connected to many other books in correlation with marketing , economy, fashion and sustainability in business . Also history and sociology strong connection.

[@abcrane]

I'm chuckling because Robert Sapulsky's baboon video just popped into my head whereby the alphas died of food poisoning and the betas became a lot more peaceful and less aggressive.... I'm chuckling because there was a coworker who was very conspicuous and showy in her attention seeking and when she was off we all got along, when she was on duty we were all cranky... was she the barbarian invader in the office? 🤔

[@yigitz5641]

Dear Professor, Do you share this presentation with others? I am gonna present Thorstein Veblen in the class . It is not that professional presentation. I will put the sources at the end of my presentation and say that ı took this from you. So if it is not problematic can you send this presentation to me? With Regards,

[@abcrane]

My response to Nietzsche’s Genealogy of Morals, Reich’s Repression, and Veblen’s Conspicuousness… Perhaps, with regard to critiques of morality, Wilhelm Reich achieved scientifically what Nietzsche accomplished philosophically. I believe Veblen's conspicuous charity is the bridge between the two. As both Veblen and Reich discover, the morality of matriarchal tribes is not conspicuous until barbarians invade or chiefdoms arise. All moral systems of later civilizations seem to exhibit conspicuous arbitrary morality divorced of-but pretending to be motivated solely by-the pure intention of community harmony. For Reich, the repression of sexual instinct is what creates this conspicuous existence and consciousness. Nietzsche too is disgusted by this severance of instinct from rationality, but Reich reveals that BOTH of Nietzsche’s modes of valuation are conspicuous. By allowing natural instincts to develop without interference-shaming-we manifest the inherently more peaceful non-pathological human character that would have no use for formalized moral systems-neither knightly (aristocratic, bourgeois) nor priestly (peasant, proletariat. People would be neither narcissistic nor codependent, authoritarian nor subservient. Their nature alone would steer them correctly, and they would set by example for their youth. Anthropology is so essential here, for philosophy without history is merely conjecture.

[@Jordan-mn2ty]

Reich, Bernays, and Freud laid the foundations for American capitalist exploitation, all the way up to the complete postmodern joke of the left today. Reducing all love, passion, philosophy, and objective truth to a perverted sense of instinct and material obsession.

[@abcrane]

@@Jordan-mn2ty Reich and Freud were in opposition for the very reason of things like Freud’s nephew bernays use of freuds work in toxic advertising.... Reich was jailed due to his opposition to electro shock therapy and such. I have read Reich thoroughly and you are incorrect with regards to Reich - he opposed both capitalism for its exploitation and saw the flaws in communism as well , he eventually rejected both ideological frameworks of economy - or at least socialist strategy Freud also discovered the pathology but later sold out to elite interests. Please read an author before commenting . Read his work not popular conjecture

[@Andre-qo5ek]

thanks for calling out stocks as gambling.

[@Potencyfunction]

I heard that before . I dont belive in gossips unless I dont see my self.

[@abdallahismail2554]

According to Veblen, did the members of the leisure class practice "conspicuous consumption" consciously (i.e. showing their status was an explicit motive), or were they simply living as they saw fit for an individual of that wealth and status and conspicuous consumption was a byproduct?

[@johnmurray5573]

Not a mere biproduct. They had to go one better than their most important rival to acquire the benefits

[@Potencyfunction]

@abdallahismail2554 What do you want to ask just say it simply because your long writting does not make any sense. How can someone answer to such a long non sense ? If you would have had a slighty idea about what he is saying, than you wouldn t ask such an idiocy.

[@abcrane]

Edward Bernays, Freud's nephew, created this Veblen Good craze...women smoke cigarettes because of his linking feminism with the "phallic-shaped" cigarette ...a fantastic use of Uncle Sigmund's psychoanalytic wisdom 😂

[@TimothyKerswellPhD]

@@abcrane haha I only just saw this but its funny that in initial attempts at marketing women were sold “slim” cigarettes that are smaller and thinner. That seems to be contraindicated to society’s understanding of phallic preferences.

[@lauralol6511]

Greetings from university of cologne in Germany. I just study for my political science class haha

[@Potencyfunction]

Yes what is in the neighbour garden? The typical horribel personality of a coward, a gosspiper with narcissitic perosnility disorder. If is up to me, I wouldt ever care about what other consume from the perspective of an individual. From a professional perspective I will care about what population can do for living and improving standard but "NEVER EVER DISSCUS IN AND LOOK IN YOUR NEIGHBOUR MOUTH." That denote a high degree of stupidity.

[@kirkor8799]

Thumb down - for Marx, and Marx, and Marks........

[@Potencyfunction]

Why the fuc* u disscus consumption ? What is your cheap level of speaking only shits? Do you want to control what people put in the mouth or what is your level of stupidity, incedible mental dealyed trough actions and the quality of choosen subjects? A cheap shit mental ill can not concentrate to speak and mind it own fuc*ing life but he want to be a burden by talking only cheap shits at his level of thinking. Get lost cheap shit with your cheap subjects/disscutions.

[@Potencyfunction]

31:13-32.11 Listen car fully * at those minuites and seconds and get it well what does he mean!