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The¡¡Vested¡¡Interests¡¡and¡¡the¡¡Common¡¡Man¡¡
by¡¡Thorstein¡¡Veblen¡¡
1919¡¡
¡¡
¡¡
Chapter¡¡1¡¡
¡¡
The¡¡Instability¡¡of¡¡Knowledge¡¡and¡¡Belief¡¡
¡¡
¡¡¡¡¡¡¡¡As¡¡is¡¡true¡¡of¡¡any¡¡other¡¡point¡¡of¡¡view¡¡that¡¡may¡¡be¡¡
characteristic¡¡of¡¡any¡¡other¡¡period¡¡of¡¡history£»¡¡so¡¡also¡¡the¡¡modern¡¡
point¡¡of¡¡view¡¡is¡¡a¡¡matter¡¡of¡¡habit¡£¡¡It¡¡is¡¡common¡¡to¡¡the¡¡modern¡¡
civilised¡¡peoples¡¡only¡¡in¡¡so¡¡far¡¡as¡¡these¡¡peoples¡¡have¡¡come¡¡
through¡¡substantially¡¡the¡¡same¡¡historical¡¡experience¡¡and¡¡have¡¡
thereby¡¡acquired¡¡substantially¡¡the¡¡same¡¡habits¡¡of¡¡thought¡¡and¡¡
have¡¡fallen¡¡into¡¡somewhat¡¡the¡¡same¡¡prevalent¡¡frame¡¡of¡¡mind¡£¡¡This¡¡
modern¡¡point¡¡of¡¡view£»¡¡therefore£»¡¡is¡¡limited¡¡both¡¡in¡¡time¡¡and¡¡
space¡£¡¡It¡¡is¡¡characteristic¡¡of¡¡the¡¡modern¡¡historical¡¡era¡¡and¡¡of¡¡
such¡¡peoples¡¡as¡¡lie¡¡within¡¡the¡¡range¡¡of¡¡that¡¡peculiar¡¡
civilisation¡¡which¡¡marks¡¡off¡¡the¡¡modern¡¡world¡¡from¡¡what¡¡has¡¡gone¡¡
before¡¡and¡¡from¡¡what¡¡still¡¡prevails¡¡outside¡¡of¡¡its¡¡range¡£¡¡In¡¡
other¡¡words£»¡¡it¡¡is¡¡a¡¡trait¡¡of¡¡modern¡¡Christendom£»¡¡of¡¡Occidental¡¡
civilisation¡¡as¡¡it¡¡has¡¡run¡¡within¡¡the¡¡past¡¡few¡¡centuries¡£¡¡This¡¡
general¡¡statement¡¡is¡¡not¡¡vitiated¡¡by¡¡the¡¡fact¡¡that¡¡there¡¡has¡¡been¡¡
some¡¡slight¡¡diffusion¡¡of¡¡these¡¡modern¡¡and¡¡Western¡¡ideas¡¡outside¡¡
of¡¡this¡¡range¡¡in¡¡recent¡¡times¡£¡¡
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view¡¡has¡¡reached¡¡its¡¡maturest¡¡formulation¡¡and¡¡prevails¡¡with¡¡the¡¡
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diffusion¡¡for¡¡that¡¡system¡¡of¡¡ideas¡¡which¡¡is¡¡called¡¡the¡¡modern¡¡
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ideas¡¡prevail¡¡throughout¡¡Christendom£»¡¡but¡¡they¡¡prevail¡¡with¡¡less¡¡
singleness¡¡of¡¡conviction¡¡among¡¡the¡¡peoples¡¡who¡¡are¡¡culturally¡¡
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habits¡¡of¡¡thought¡¡of¡¡an¡¡earlier¡¡age£»¡¡and¡¡have¡¡carried¡¡them¡¡over¡¡
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order¡¡which¡¡do¡¡not¡¡altogether¡¡fit¡¡into¡¡that¡¡system¡¡of¡¡ideas¡¡that¡¡
is¡¡commonly¡¡spoken¡¡of¡¡as¡¡the¡¡modern¡¡point¡¡of¡¡view¡£¡¡That¡¡such¡¡is¡¡
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intrinsic¡¡to¡¡the¡¡modern¡¡point¡¡of¡¡view¡£¡¡They¡¡need¡¡not¡¡therefore¡¡be¡¡
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guided¡¡and¡¡tested¡¡by¡¡the¡¡constituent¡¡principles¡¡of¡¡the¡¡modern¡¡
point¡¡of¡¡view¡£¡¡
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self¡­evident¡¡at¡¡any¡¡given¡¡time¡¡and¡¡place£»¡¡¡¡in¡¡case¡¡this¡¡
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and¡¡consistency¡¡that¡¡they¡¡can¡¡fairly¡¡be¡¡said¡¡to¡¡constitute¡¡a¡¡
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commonly¡¡accepted¡¡principles¡¡of¡¡conduct¡¡and¡¡belief¡¡today£»¡¡that¡¡it¡¡
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in¡¡Pagan¡¡Antiquity¡£¡¡
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Spanish¡¡have¡¡learned¡¡to¡¡speak¡¡indulgently¡¡in¡¡the¡¡name¡¡of¡¡
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principle¡£¡¡
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being£»¡¡these¡¡constituent¡¡principles¡¡of¡¡the¡¡accepted¡¡point¡¡of¡¡view¡¡
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perpetuity¡¡with¡¡which¡¡they¡¡so¡¡are¡¡habitually¡¡invested¡¡in¡¡the¡¡
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daily¡¡life¡¡of¡¡the¡¡peoples¡¡of¡¡Christendom¡£¡¡In¡¡this¡¡mutation¡¡of¡¡the¡¡
habitual¡¡outlook£»¡¡between¡¡medieval¡¡and¡¡modern¡¡times£»¡¡the¡¡contrast¡¡
is¡¡perhaps¡¡most¡¡neatly¡¡shown¡¡in¡¡the¡¡altered¡¡standards¡¡of¡¡
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nineteenth£»¡¡e¡£¡¡g¡££»¡¡appears¡¡to¡¡have¡¡been¡¡of¡¡a¡¡more¡¡recognizable¡¡
character£»¡¡more¡¡easily¡¡defined¡¡in¡¡succinct¡¡and¡¡convincing¡¡terms¡£¡¡
It¡¡has¡¡also¡¡quite¡¡generally¡¡attracted¡¡the¡¡attention¡¡of¡¡those¡¡men¡¡
who¡¡have¡¡interested¡¡themselves¡¡in¡¡the¡¡course¡¡of¡¡historical¡¡
events£»¡¡and¡¡it¡¡has¡¡therefore¡¡become¡¡something¡¡of¡¡a¡¡commonplace¡¡in¡¡
any¡¡standard¡¡historical¡¡survey¡¡of¡¡modern¡¡civilisation¡¡to¡¡say¡¡that¡¡
the¡¡scheme¡¡of¡¡knowledge¡¡and¡¡belief¡¡underwent¡¡a¡¡visible¡¡change¡¡
between¡¡the¡¡Middle¡¡Ages¡¡and¡¡modern¡¡times¡£¡¡
¡¡¡¡¡¡¡¡It¡¡will¡¡also¡¡be¡¡found¡¡true¡¡that¡¡the¡¡canons¡¡of¡¡knowledge¡¡and¡¡
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credible£»¡¡are¡¡more¡¡intimately¡¡and¡¡intrinsically¡¡involved¡¡in¡¡the¡¡
habitual¡¡behavior¡¡of¡¡the¡¡human¡¡spirit¡¡than¡¡any¡¡factors¡¡of¡¡human¡¡
habit¡¡in¡¡other¡¡bearings¡£¡¡Such¡¡is¡¡necessarily¡¡the¡¡case£»¡¡because¡¡
the¡¡principles¡¡which¡¡guide¡¡and¡¡limit¡¡knowledge¡¡and¡¡belief¡¡are¡¡the¡¡
ways¡¡and¡¡means¡¡by¡¡which¡¡men¡¡take¡¡stock¡¡of¡¡what¡¡is¡¡to¡¡be¡¡done¡¡and¡¡
by¡¡which¡¡they¡¡take¡¡thought¡¡of¡¡how¡¡it¡¡is¡¡to¡¡be¡¡done¡£¡¡It¡¡is¡¡by¡¡the¡¡
use¡¡of¡¡their¡¡habitual¡¡canons¡¡of¡¡knowledge¡¡and¡¡belief£»¡¡that¡¡men¡¡
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which¡¡lie¡¡beyond¡¡the¡¡reach¡¡of¡¡their¡¡knowledge¡¡and¡¡belief£»¡¡nor¡¡do¡¡
they¡¡formulate¡¡rules¡¡to¡¡govern¡¡the¡¡game¡¡of¡¡life¡¡beyond¡¡that¡¡
limit¡£¡¡
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and¡¡made¡¡no¡¡provision¡¡for¡¡those¡¡later¡­arisen¡¡exigencies¡¡of¡¡life¡¡
and¡¡those¡¡lat

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