Бос уақыт сыныбының теориясы: Институциялардың экономикалық зерттеуі

Book by Thorstein Veblen

The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social institutions of the feudal period (9th–15th c.) that have continued to the modern era. Veblen discusses how the pursuit and the possession of wealth affects human behavior, that the contemporary lords of the manor, the businessmen who own the means of production, have employed themselves in the economically unproductive practices of conspicuous consumption and conspicuous leisure, which are useless activities that contribute neither to the economy nor to the material production of the useful goods and services required for the functioning of society. Instead, it is the middle class and working class who are usefully employed in the industrialised, productive occupations that support the whole of society.

The Theory of the Leisure Class (1899) was published during the Gilded Age (1870–1900), the time of the robber baron millionaires John D. Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt, at the end of the 19th century. The sociology and economics reported in The Theory of the Leisure Class show the influences of Charles Darwin and Karl Marx, Adam Smith and Herbert Spencer; thereby Veblen's socio economic theory emphasizes social evolution and development as characteristics of human institutions. In his time, Veblen criticised contemporary (19th century) economic theories as intellectually static and hedonistic, and that economists should take account of how people actually behave, socially, and culturally, rather than rely upon the theoretic deduction meant to explain the economic behaviours of society. As such, Veblen's reports of American political economy contradicted the (supply and demand) neoclassical economics of the 18th century, which define people as rational agents who seek utility and maximal pleasure from their economic activities; whereas Veblen's economics define people as irrational economic agents who disregard personal happiness in the continual pursuit of the social status and the prestige inherent to having a place in society (class and economic stratum). Veblen concluded that conspicuous consumption did not constitute social progress, because American economic development was unduly influenced by the static economics of the British aristocracy; therefore, conspicuous consumption was an un American activity contrary to the country's dynamic culture of individualism. Originally published as The Theory of the Leisure Class: An Economic Study in the Evolution of Institutions, the book arose from three articles that Veblen published in the American Journal of Sociology between 1898 and 1899: (i) "The Beginning of Ownership" (ii) "The Barbarian Status of Women", and (iii) "The Instinct of Workmanship and the Irksomeness of Labour". These works presented the major themes of economics and sociology that he later developed in works such as: The Theory of Business Enterprise (1904), about how incompatible are the pursuit of profit and the making of useful goods; and The Instinct of Workmanship and the State of the Industrial Arts (1914), about the fundamental conflict between the human predisposition to useful production and the societal institutions that waste the useful products of human effort. Critics of his reportage about the sociology and economics of the consumer society that is the US especially disliked the satiric tone of his literary style, and said that Veblen's cultural perspective had been negatively influenced by his austere boyhood in a Norwegian American community of practical, thrifty, and utilitarian people who endured anti immigrant prejudices in the course of integration to American society.

In the essay "Prof. Veblen" (1919) the intellectual H. L. Mencken addressed the matters of Americans' social psychology reported in The Theory of the Leisure Class (1899), by asking:

In the essay "The Dullest Book of The Month: Dr. Thorstein Veblen Gets the Crown of Deadly Nightshade" (1919), after addressing the content of The Theory of the Leisure Class, the book reviewer Robert Benchley addressed the subject of who are readers to whom Veblen speaks, that:the Doctor has made one big mistake, however. He has presupposed, in writing this book, the existence of a [social] class with much more leisure than any class in the world ever possessed—for, has he not counted on a certain number of readers? In the Introduction to the 1934 edition, the economist Stuart Chase said that the Great Depression (1929–1941) had vindicated Veblen the economist, because The Theory of the Leisure Class had unified "the outstanding economists of the world". In the foreword to the 1953 edition, sociologist C. Wright Mills said that Veblen was "the best critic of America that America has ever produced". In the Introduction to the 1973 edition of the book, economist John Kenneth Galbraith addressed the author as subject, and said that Veblen was a man of his time, and that The Theory of the Leisure Class—published in 1899—reflected Veblen's 19th century world view. That in his person and personality, the social scientist Veblen was neglectful of his grooming and tended to be disheveled; that he suffered social intolerance for being an intellectual and an agnostic in a society of superstitious and anti intellectual people, and so tended to curtness with less intelligent folk. John Dos Passos writes of Veblen in his trilogy novel U. S. A, in the third novel (1933), The Big Money. There, as one of Passos' highly subjective portraits of historical figures throughout the trilogy, Veblen is bio sketched in THE BITTER DRINK in about 10 pages, referring presumably in that title to the hemlock Socrates was forced to drink for his supposed crimes. The portrait ends with these three final lines: "but his memorial remains/riveted into the language/the sharp clear prism of his mind." In The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers (1953), the historian of economics Robert Heilbroner said that Veblen's socio economic theories applied to the Gilded Age (1870–1900) of gross materialism and political corruption in the U. S. of the 19th century, but are inapplicable in 21st century economics, because The Theory of the Leisure Class is specific to U. S. society in general, and to the society of Chicago in particular. In that vein, in No Rest for the Wealthy (2009), the journalist Daniel Gross said: