Veblen's landmark study of affluent American society exposes the 'pecuniary culture' and 'conspicuous consumption' that results when unessential goods are exploited at the expense of production of true value. This new edition examines Veblen's still pertinent arguments. - ;'Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.' In The Theory of the Leisure Class Thorstein Veblen sets out 'to discuss the place and value of the leisure class as an econom