Veblens theory of the leisure class


Assignment:

Veblen's Theory of the Leisure Class involves a two-class model of social stratification: an Industry class and a Leisure class.

Briefly explain these two classes and how they compare to Marx’s two-class model of stratification? Now please look around our society today.

Do we have a two-class model of social stratification that looks like Veblen’s and Marx’s models? Defend your answer – provide real world examples.
Give answer in minimum 400 words.

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Macroeconomics: Veblens theory of the leisure class
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