Etymology:
The word "extravagance" comes from the Latin word "extravagans," which means "wandering outside." It is composed of the prefix "extra-" (outside) and the verb "vagari" (to wander).
Meaning:
Extravagance refers to the act or habit of spending money or resources excessively or lavishly, often beyond one's means. It implies unnecessary and excessive consumption.
Origin:
The concept of extravagance has its roots in ancient times. In Roman society, extravagance was considered a vice and was associated with wealth and luxury. Roman philosophers and writers, such as Seneca and Cicero, condemned extravagance as a sign of moral decay and a waste of resources.
In the Middle Ages, extravagance was seen as a sin, particularly among the clergy. The Church taught that excess and indulgence were contrary to the principles of humility and poverty.
During the Renaissance and Enlightenment periods, extravagance re-emerged as a sign of wealth and status. It became fashionable for wealthy individuals to display their opulence through lavish parties, elaborate clothing, and extravagant purchases.
However, in the 18th and 19th centuries, the concept of extravagance began to be viewed more negatively. Enlightenment thinkers, such as John Locke and Adam Smith, argued that extravagance was harmful to society because it led to waste and inequality.
Today, extravagance is generally considered to be a negative trait. It is seen as a form of financial recklessness that can have serious consequences for individuals and society as a whole.
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