Originally published in 1899, this is a work by Thorstein Veblen, an American economist and sociologist. It is an article written for the American Journal of Sociology publication outlining some of his theories on work. We are republishing this work with a brand new introductory biography of the author with the aim of placing it in the context of his other writings and achievements. The following passage is an extract from the article:
‘It is one of the commonplaces of the received economic theory that work is irksome. Many a discussion proceeds on this axiom that, so far as regards economic matters, men desire above all things to get the goods produced by labor and to avoid the labor by which the goods are produced. In a general way the common-sense opinion is well in accord with current theory on this head. According to the common-sense-ideal, the economic beatitude lies in an unrestrained consumption of goods, without work; whereas the perfect economic affliction is unremunerated labor. Man instinctively revolts at effort that goes to supply the means of life’
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