La Teoria Della Classe Agiata by Thorstein Veblen

An Economic Study of Institutions

A pioneering social critique that argues the wealthy sustain and signal their social status through conspicuous leisure and wasteful consumption, using ostentatious displays of wealth and pecuniary emulation to shape institutions and cultural habits; these status-driven behaviors, the book contends, produce economic inefficiency, reinforce class divisions, and reveal how much of consumption is governed by social signaling rather than by productive or utilitarian needs.