Business & Economics Collection: Thorstein Veblen Edition (30+ Works in One Volume). Thorstein Veblen
or production. As was found in speaking of the growth of institutions, so with regard to employments. The economic interests of the leisure class lie in the pecuniary employments; those of the working classes lie in both classes of employments, but chiefly in the industrial. Entrance to the leisure class lies through the pecuniary employments.
These two classes of employment differ materially in respect of the aptitudes required for each; and the training which they give similarly follows two divergent lines. The discipline of the pecuniary employments acts to conserve and to cultivate certain of the predatory aptitudes and the predatory animus. It does this both by educating those individuals and classes who are occupied with these employments and by selectively repressing and eliminating those individuals and lines of descent that are unfit in this respect. So far as men's habits of thought are shaped by the competitive process of acquisition and tenure; so far as their economic functions are comprised within the range of ownership of wealth as conceived in terms of exchange value, and its management and financiering through a permutation of values; so far their experience in economic life favors the survival and accentuation of the predatory temperament and habits of thought. Under the modern, peaceable system, it is of course the peaceable range of predatory habits and aptitudes that is chiefly fostered by a life of acquisition. That is to say, the pecuniary employments give proficiency in the general line of practices comprised under fraud, rather than in those that belong under the more archaic method of forcible seizure.
These pecuniary employments, tending to conserve the predatory temperament, are the employments which have to do with ownership—the immediate function of the leisure class proper—and the subsidiary functions concerned with acquisition and accumulation. These cover the class of persons and that range of duties in the economic process which have to do with the ownership of enterprises engaged in competitive industry; especially those fundamental lines of economic management which are classed as financiering operations. To these may be added the greater part of mercantile occupations. In their best and clearest development these duties make up the economic office of the "captain of industry." The captain of industry is an astute man rather than an ingenious one, and his captaincy is a pecuniary rather than an industrial captaincy. Such administration of industry as he exercises is commonly of a permissive kind. The mechanically effective details of production and of industrial organization are delegated to subordinates of a less "practical" turn of mind—men who are possessed of a gift for workmanship rather than administrative ability. So far as regards their tendency in shaping human nature by education and selection, the common run of non-economic employments are to be classed with the pecuniary employments. Such are politics and ecclesiastical and military employments.
The pecuniary employments have also the sanction of reputability in a much higher degree than the industrial employments. In this way the leisure-class standards of good repute come in to sustain the prestige of those aptitudes that serve the invidious purpose; and the leisure-class scheme of decorous living, therefore, also furthers the survival and culture of the predatory traits. Employments fall into a hierarchical gradation of reputability. Those which have to do immediately with ownership on a large scale are the most reputable of economic employments proper. Next to these in good repute come those employments that are immediately subservient to ownership and financiering—such as banking and the law. Banking employments also carry a suggestion of large ownership, and this fact is doubtless accountable for a share of the prestige that attaches to the business. The profession of the law does not imply large ownership; but since no taint of usefulness, for other than the competitive purpose, attaches to the lawyer's trade, it grades high in the conventional scheme. The lawyer is exclusively occupied with the details of predatory fraud, either in achieving or in checkmating chicanery, and success in the profession is therefore accepted as marking a large endowment of that barbarian astuteness which has always commanded men's respect and fear. Mercantile pursuits are only half-way reputable, unless they involve a large element of ownership and a small element of usefulness. They grade high or low somewhat in proportion as they serve the higher or the lower needs; so that the business of retailing the vulgar necessaries of life descends to the level of the handicrafts and factory labor. Manual labor, or even the work of directing mechanical processes, is of course on a precarious footing as regards respectability. A qualification is necessary as regards the discipline given by the pecuniary employments. As the scale of industrial enterprise grows larger, pecuniary management comes to bear less of the character of chicanery and shrewd competition in detail. That is to say, for an ever-increasing proportion of the persons who come in contact with this phase of economic life, business reduces itself to a routine in which there is less immediate suggestion of overreaching or exploiting a competitor. The consequent exemption from predatory habits extends chiefly to subordinates employed in business. The duties of ownership and administration are virtually untouched by this qualification. The case is different as regards those individuals or classes who are immediately occupied with the technique and manual operations of production. Their daily life is not in the same degree a course of habituation to the emulative and invidious motives and maneuvers of the pecuniary side of industry. They are consistently held to the apprehension and coordination of mechanical facts and sequences, and to their appreciation and utilization for the purposes of human life. So far as concerns this portion of the population, the educative and selective action of the industrial process with which they are immediately in contact acts to adapt their habits of thought to the non-invidious purposes of the collective life. For them, therefore, it hastens the obsolescence of the distinctively predatory aptitudes and propensities carried over by heredity and tradition from the barbarian past of the race.
The educative action of the economic life of the community, therefore, is not of a uniform kind throughout all its manifestations. That range of economic activities which is concerned immediately with pecuniary competition has a tendency to conserve certain predatory traits; while those industrial occupations which have to do immediately with the production of goods have in the main the contrary tendency. But with regard to the latter class of employments it is to be noticed in qualification that the persons engaged in them are nearly all to some extent also concerned with matters of pecuniary competition (as, for instance, in the competitive fixing of wages and salaries, in the purchase of goods for consumption, etc.). Therefore the distinction here made between classes of employments is by no means a hard and fast distinction between classes of persons.
The employments of the leisure classes in modern industry are such as to keep alive certain of the predatory habits and aptitudes. So far as the members of those classes take part in the industrial process, their training tends to conserve in them the barbarian temperament. But there is something to be said on the other side. Individuals so placed as to be exempt from strain may survive and transmit their characteristics even if they differ widely from the average of the species both in physique and in spiritual make-up. The chances for a survival and transmission of atavistic traits are greatest in those classes that are most sheltered from the stress of circumstances. The leisure class is in some degree sheltered from the stress of the industrial situation, and should, therefore, afford an exceptionally great proportion of reversions to the peaceable or savage temperament. It should be possible for such aberrant or atavistic individuals to unfold their life activity on ante-predatory lines without suffering as prompt a repression or elimination as in the lower walks of life.
Something of the sort seems to be true in fact. There is, for instance, an appreciable proportion of the upper classes whose inclinations lead them into philanthropic work, and there is a considerable body of sentiment in the class going to support efforts of reform and amelioration. And much of this philanthropic and reformatory effort, moreover, bears the marks of that amiable "cleverness" and incoherence that is characteristic of the primitive savage. But it may still be doubtful whether these facts are evidence of a larger proportion of reversions in the higher than in the lower strata, even if the same inclinations were present in the impecunious classes, it would not as easily find expression there; since those classes lack the means and the time and energy to give effect to their inclinations in this respect. The prima facie evidence of the facts can scarcely go unquestioned.
In further qualification it is to be noted that the leisure class of today is recruited from those who have been successful in a pecuniary way, and who, therefore, are presumably endowed with more than an even complement of the predatory traits. Entrance into the leisure class lies through