Excerpt from Luxury and Waste of Life
This book is intended primarily to answer two questions: first, Is there any reason, apart from legal and charitable claims, why people should not spend upon themselves and their families and friends the whole of their incomes, whatever these may be? And secondly. What is the effect of "luxurious" expenditure upon trade, or upon any class of traders, upon the poorer classes, and upon the community generally? More briefly, the two questions may be stated thus: How far do moral considerations enter into the subject of our expenditure? and. What are the economic and social effects of luxury? The questions involve both the ethical and the economic aspects of luxury; and these are treated, as indeed they must be, not separately, but in close relation to each other.
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