Thorstein Veblen
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Thorstein Veblen was an American economist and sociologist who lived from 1857 to 1929 and developed influential theories about how people's economic behavior is shaped by social status and consumption patterns. His work matters because he challenged the traditional view that people act purely out of rational self-interest, instead showing how social customs and the desire for prestige drive much of our economic activity.
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Person · Open Library
- Born
- 1857-07-30
- Died
- 1929-08-03
- Works
- 63
Top works
- Absentee ownership and business enterprise in recent times
- Essays in our changing order
- The engineers and the price system
- An inquiry into the nature of peace and the terms of its perpetuation
- The theory of the leisure class
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Listeners · Last.fm
- Listeners
- 19
- Total plays
- 335
Thorstein Bunde Veblen, born Torsten Bunde Veblen (July 30, 1857 – August 3, 1929) was an American economist and sociologist, and a leader of the so-called institutional economics movement. Besides his technical work he was a popular and witty critic of capitalism, as shown by his best known book The Theory of the Leisure Class (1899). Veblen is famous in the history of economic thought for combining a Darwinian evolutionary perspective with his new institutionalist approach to economic analysis
Article
Thorstein Bunde Veblen (/ˈθɔːrstaɪn ˈvɛblən/ THOR-styn VEH-blən; July 30, 1857 – August 3, 1929) was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism.
In his best-known book, The Theory of the Leisure Class (1899), Veblen coined the concepts of conspicuous consumption and conspicuous leisure. Veblen laid the foundation for the perspective of institutional economics. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy.
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1857 births1929 deaths19th-century American economists19th-century American male writers20th-century American economists20th-century American male writersAmerican agnosticsAmerican anti-capitalistsAmerican anti-fascistsAmerican democratic socialistsAmerican economic historiansAmerican male non-fiction writers