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Thorstein Veblen - Wikipedia
"Thorstein Bunde Veblen (born Torsten Bunde Veblen; July 30, 1857 – August 3, 1929) was a Norwegian-American economist and sociologist. He was famous as a witty critic of capitalism.

Veblen is famous for the idea of "conspicuous consumption". Conspicuous consumption, along with "conspicuous leisure", is performed to demonstrate wealth or mark social status. Veblen explains the concept in his best-known book, The Theory of the Leisure Class (1899). Within the history of economic thought, Veblen is considered the leader of the institutional economics movement. Veblen's distinction between "institutions" and "technology" is still called the Veblenian dichotomy by contemporary economists.[3]

As a leading intellectual of the Progressive Era, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced the socialist thinkers who sought a non-Marxist critique of capitalism and technological determinism."

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thorsteinveblen  capitalism  economics  consumerism  consumption  conspicuousconsumption  conspicuousleisure  leisure  society  socialstatus  status  class  leisureclass  institutions  technology  progressivism  technologicaldeterminism  production  marxism 
november 2017 by robertogreco
Veblenian dichotomy - Wikipedia, the free encyclopedia
"The Veblenian dichotomy is a concept first suggested by sociologist and economist Thorstein Veblen in 1899, in The Theory of the Leisure Class: An Economic Study of Institutions. Veblen made the concept fully into an analytical principle in his 1904 book, The Theory of Business Enterprise.[1] Throughout these and many other writings by Veblen, this analytical principle was a distinction between what he called "institutions" and "technology".

To Veblen, institutions determine how technologies are used. Some institutions are more "ceremonial" than others. A project for Veblen's idealized economist is to be identifying institutions that are too wasteful, and pursuing institutional "adjustment" to make instituted uses of technology more "instrumental". Veblen defines "ceremonial" as related to the past, supportive of "tribal legends" or traditional conserving attitudes and conduct; while the "instrumental" orients itself toward the technological imperative, judging value by the ability to control future consequences.[2]

The theory suggests that although every society depends on tools and skills to support the life process, every society also appears to have a "ceremonial" stratified structure of status that runs contrary to the needs of the "instrumental" (technological) aspects of group life.[3]"

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economics  theory  thorsteinveblen  leisureclass  technology  institutions  waste  wastefulness  status 
january 2015 by robertogreco
Speed Kills: Fast is never fast enough - The Chronicle of Higher Education
"In the past 50 years, two economies that operate at two different speeds have emerged. In one, wealth is created by selling labor or stuff; in the other, by trading signs that are signs of other signs. The virtual assets scale at a speed much greater than the real assets. A worker can produce only so many motorcycles, a teacher can teach only so many students, and a doctor can see only so many patients a day. In high-speed markets, by contrast, billions of dollars are won or lost in billionths of a second. In this new world, wealth begets wealth at an unprecedented rate. No matter how many new jobs are created in the real economy, the wealth gap created by the speed gap will never be closed. It will continue to widen at an ever-faster rate until there is a fundamental change in values.

One of the most basic values that must be rethought is growth, which has not always been the standard by which economic success is measured. The use of the gross national product and gross domestic product to evaluate relative economic performance is largely the product of the Cold War. As the battleground between the United States and the Soviet Union expanded to include the economy, the question became whether capitalism or communism could deliver more goods faster."

"The problem is not only, as Michael Lewis argues in Flash Boys, finding a technological fix for markets that are rigged; the problem is that the entire system rests on values that have become distorted: individualism, utility, efficiency, productivity, competition, consumption, and speed. Furthermore, this regime has repressed values that now need to be cultivated: sustainability, community, cooperation, generosity, patience, subtlety, deliberation, reflection, and slowness. If psychological, social, economic, and ecological meltdowns are to be avoided, we need what Nietzsche aptly labeled a "transvaluation of values."

"The growing concern about the effectiveness of primary, secondary, and postsecondary education has led to a preoccupation with the evaluation of students and teachers. For harried administrators, the fastest and most efficient way to make these assessments is to adopt quantitative methods that have proved most effective in the business world. Measuring inputs, outputs, and throughputs has become the accepted way to calculate educational costs and benefits. While quantitative assessment is effective for some activities and subjects, many of the most important aspects of education cannot be quantified. When people believe that what cannot be measured is not real, education and, by extension society, loses its soul.

Today’s young people are not merely distracted—the Internet and video games are actually rewiring their brains. Neuroscientists have found significant differences in the brains of "addicted" adolescents and "healthy" users. The next edition of the standard Diagnostic and Statistical Manual of Mental Disorders will very likely specify Internet addiction as an area for further research. The epidemic of ADHD provides additional evidence of the deleterious effects of the excessive use of digital media. Physicians concerned about the inability of their patients to concentrate freely prescribe Ritalin, which is speed, while students staying up all night to study take Ritalin to give them a competitive advantage.

Rather than resisting these pressures, anxious parents exacerbate them by programming their kids for what they believe will be success from the time they are in prekindergarten. But the knowledge that matters cannot be programmed, and creativity cannot be rushed but must be cultivated slowly and patiently. As leading scientists, writers, and artists have long insisted, the most imaginative ideas often emerge in moments of idleness.

Many people lament the fact that young people do not read or write as much as they once did. But that is wrong—the issue is not how much they are reading and writing; indeed they are, arguably, reading and writing more than ever before. The problem is how they are reading and what they are writing. There is a growing body of evidence that people read and write differently online. Once again the crucial variable is speed. The claim that faster is always better is nowhere more questionable than when reading, writing, and thinking.

All too often, online reading resembles rapid information processing rather than slow, careful, deliberate reflection. Researchers have discovered what they describe as an "F-shaped pattern" for reading web content, in which as people read down a page, they scan fewer and fewer words in a line. When speed is essential, the shorter, the better; complexity gives way to simplicity, and depth of meaning is dissipated in surfaces over which fickle eyes surf. Fragmentary emails, flashy websites, tweets in 140 characters or less, unedited blogs filled with mistakes. Obscurity, ambiguity, and uncertainty, which are the lifeblood of art, literature, and philosophy, become decoding problems to be resolved by the reductive either/or of digital logic.

Finally, vocationalization. With the skyrocketing cost of college, parents, students, and politicians have become understandably concerned about the utility of higher education. Will college prepare students for tomorrow’s workplace? Which major will help get a job? Administrators and admission officers defend the value of higher education in economic terms by citing the increased lifetime earning potential for college graduates. While financial matters are not unimportant, value cannot be measured in economic terms alone. The preoccupation with what seems to be practical and useful in the marketplace has led to a decline in the perceived value of the arts and humanities, which many people now regard as impractical luxuries.

That development reflects a serious misunderstanding of what is practical and impractical, as well as the confusion between the practical and the vocational. As the American Academy of Arts and Sciences report on the humanities and social sciences, "The Heart of the Matter," insists, the humanities and liberal arts have never been more important than in today’s globalized world. Education focused on STEM disciplines is not enough—to survive and perhaps even thrive in the 21st century, students need to study religion, philosophy, art, languages, literature, and history. Young people must learn that memory cannot be outsourced to machines, and short-term solutions to long-term problems are never enough. Above all, educators are responsible for teaching students how to think critically and creatively about the values that guide their lives and inform society as a whole.

That cannot be done quickly—it will take the time that too many people think they do not have.

Acceleration is unsustainable. Eventually, speed kills. The slowing down required to delay or even avoid the implosion of interrelated systems that sustain our lives does not merely involve pausing to smell the roses or taking more time with one’s family, though those are important.

Within the long arc of history, it becomes clear that the obsession with speed is a recent development that reflects values that have become destructive. Not all reality is virtual, and the quick might not inherit the earth. Complex systems are not infinitely adaptive, and when they collapse, it happens suddenly and usually unexpectedly. Time is quickly running out."
speed  health  life  trends  2014  via:anne  marktaylor  filippomarinetti  futurists  futuristmanifesto  modernism  modernity  charliechaplin  efficiency  living  slow  thorsteinveblen  wealth  inequality  values  us  growth  economics  writing  finance  education  highered  highereducation  communication  internet  web  online  complexity  systemsthinking  systems  humanities  liberalarts  stem  criticalthinking  creativity  reflection  productivity  reading  howweread  howwewrite  thinking  schools  schooling  evaluation  assessment  quantification  standardization  standardizedtesting  society  interdisciplinary  professionalization  specialization  transdisciplinary  multidisciplinary  learning  howwelearn  howwethink  neuroscience  slowness  deliberation  patience  generosity  consumption  competition  competitiveness  subtlety  sustainability  community  cooperation  nietzsche  capitalism  latecapitalism 
october 2014 by robertogreco
Works Cited: Wasting time on the internet: a syllabus
"This is a syllabus in progress, imagined as part writing workshop, part American studies course on aesthetics. Comments and suggestions are welcome.

What I Did For Love: Taste, Evaluation, and Aesthetics in American Culture

“I don’t know art, but I know what I like,” goes the disclaimer. In this writing-intensive part-workshop, part-seminar, we will seek to unpack the relationship between “art” and “what I like” by examining a variety of cultural objects together with accounts of “taste.” What are the uses of an art that nobody likes? Could “annoyance” be an aesthetic principle? What is the role of money in taste? What are the ethics of aesthetics? Under what circumstances is an aesthetic pleasure “guilty”? When should the appreciation of art works be a matter of disinterested judgment, and when a matter of passionate engagement? Does “love” blind? What is the difference between a “fan” and a “critic”? What are the affordances and limits of the “formulaic” and the “generic”?

Four weeks of this course will be devoted to workshopping students’ critical writing, examining the roles of description, praise, blame, analysis, and enthusiasm in writing about culture. Students will also maintain a course blog. For the final assignment, students are encouraged to pitch their writing to an appropriately chosen publication.

Short exercise: choose a cultural object to describe as plainly as possible. About 500 words.

Essay 1: Describe some piece of culture (novel, film, painting, poem, music video, etc.) that you love, and that you also think is good. (These are two different things.) Explain why it is that you love the piece, what it is that makes it good, and how you can tell the difference (and under what circumstances you can’t). Be sure to explain what it is that makes art good in general—you don’t need to advance a fully developed theory of aesthetics, but you do need to unpack your assumptions as much as you can. Have an argument. This should be around 3000 words.

Short exercise: write a piece of fanfiction, about 1000 words, in the setting of your choice.

Short exercise: Make the case that some cultural object is a “remake” of another, earlier one (for example, that Pixar’s Toy Story is a remake of Disney’s Pinocchio). Be honest about the ways in which the claim does not hold up. In addition to noting similarities or lines of influence, you should explain what we gain from understanding the later object as a remake of the earlier one. 500–1,000 words.

Essay 2: Choose a piece of art and viciously pan it. Your critique should be utterly devastating, which is to say that you should be able to persuade your reader that this piece is a blight on humanity, and not merely that you are a mean-spirited person. This will be more effective if you resist choosing an easy target. 2,000–3,000 words.

Essay 3: Review some piece of culture that was recently produced—say, since January 2012. Give your reader a fairly thickly textured sense of what this piece is like, and explain what its successes and failures are. Once again, be sure to unpack what it means for something to “succeed” (in any register). What is the historical, cultural, or aesthetic milieu in which this piece is ideally legible? Make a point. This should be around 3,000 words.

Essay 4: Revise your review for publication in a venue of your choice. It may be print or online. When you submit this assignment to me, you should also submit a copy of the submission guidelines for this venue (to which your revised review should adhere) and a rationale (about 500 words) for choosing this publication. You are encouraged to actually submit the review to the publication you have chosen. (You might be interested in this [ ].)"
nataliacecire  culture  internet  web  reading  2013  johnkeats  robertfrost  petercoviello  aesthetics  beauty  guiltypleasures  thomasnagel  judgement  clementgreenberg  pierrebordieu  thorsteinveblen  barbarahernsteinsmith  tseliot  andrewlloydwebber  thewasteland  taste  class  williambutleryeats  josefalbers  difficulty  mariannemoore  siannengai  leonarddiepeveen  lawrencelevine  rosalindkrauss  popculutre  authenticity  criticism  gender  chinuaahcebe  appropriation  music  williamgibson  cuteness  commodification  marktwain  edgarallanpoe  lililoofbourow  christianbök  walterbenjamin  maryoliver  writing  syllabus  classideas  highbrow  lowbrow  kant  syllabi 
january 2014 by robertogreco

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