[The Theory of the Leisure Class by Thorstein Veblen]@TWC D-Link book
The Theory of the Leisure Class

CHAPTER Eleven ~~ The Belief in Luck
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Here the preternatural agent was conceived to act on request as umpire, and to shape the outcome of the contest in accordance with some stipulated ground of decision, such as the equity or legality of the respective contestants' claims.

The like sense of an inscrutable but spiritually necessary tendency in events is still traceable as an obscure element in current popular belief, as shown, for instance, by the well-accredited maxim, "Thrice is he armed who knows his quarrel just,"-- a maxim which retains much of its significance for the average unreflecting person even in the civilized communities of today.

The modern reminiscence of the belief in the hamingia, or in the guidance of an unseen hand, which is traceable in the acceptance of this maxim is faint and perhaps uncertain; and it seems in any case to be blended with other psychological moments that are not clearly of an animistic character.
For the purpose in hand it is unnecessary to look more closely into the psychological process or the ethnological line of descent by which the later of these two animistic apprehensions of propensity is derived from the earlier.

This question may be of the gravest importance to folk-psychology or to the theory of the evolution of creeds and cults.
The same is true of the more fundamental question whether the two are related at all as successive phases in a sequence of development.
Reference is here made to the existence of these questions only to remark that the interest of the present discussion does not lie in that direction.

So far as concerns economic theory, these two elements or phases of the belief in luck, or in an extra-causal trend or propensity in things, are of substantially the same character.


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