Abstract

Eating Without Working: A Moral Disquisition
Chase, Stuart | July 26, 1933 issue

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The article presents information on economic moralities. It is true that the modern rule has one important exception. It is not applicable to that 2 per cent or so of the population which economists Thorstein Veblen has characterized as the kept classes. Those who live by virtue of the absentee ownership of profitable investment, whether in lands, buildings, royalties, or stocks and bonds, are totally exempt from its compulsions. It is manifest that in so far as they live on the usufruct of their portfolios they eat without working. Fortunately the classical economists have been at some pains to rationalize this breach of a great moral principle.

See Also:

MORALITIES; ECONOMICS; ECONOMISTS; VEBLEN, Thorstein, 1857-1929; INVESTMENTS; BUILDINGS
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