Quote by Thorstein Veblen
In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.
Summary
This quote suggests that in order to gain social approval, individuals must meet a certain level of wealth that is socially accepted and expected by society. The standard of wealth mentioned in the quote is not clearly defined, but it implies that being perceived as successful and respected in a community requires reaching this conventional expectation. This explanation highlights the emphasis placed on material wealth as a measure of social standing in society and the pressure individuals may feel to conform to these expectations.
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Community
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