This growth of prescriptive usage has an immediate effect upon economic life, but it has also an indirect and remoter effect upon conduct in other respects as well.

Habits of thought with respect to the expression of life in any given direction unavoidably affect the habitual view of what is good and right in life in other directions also.

In the organic complex of habits of thought which make up the substance of an individual's conscious life the economic interest does not lie isolated and distinct from all other interests.

Something, for instance, has already been said of its relation to the canons of reputability.
The principle of conspicuous waste guides the formation of habits of thought as to what is honest and reputable in life and in commodities.
In so doing, this principle will traverse other norms of conduct which do not primarily have to do with the code of pecuniary honor, but which have, directly or incidentally, an economic significance of some magnitude.

So the canon of honorific waste may, immediately or remotely, influence the sense of duty, the sense of beauty, the sense of utility, the sense of devotional or ritualistic fitness, and the scientific sense of truth.
It is scarcely necessary to go into a discussion here of the particular points at which, or the particular manner in which, the canon of honorific expenditure habitually traverses the canons of moral conduct.
The matter is one which has received large attention and illustration at the hands of those whose office it is to watch and admonish with respect to any departures from the accepted code of morals.