thorstein veblen wikipedia - EAS
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Thorstein Bunde Veblen (July 30, 1857 – August 3, 1929) was a Norwegian-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 … See more
Early life and family background
Veblen was born on July 30, 1857, in Cato, Wisconsin, to Norwegian-American immigrant parents, Thomas Veblen and Kari Bunde. He was the sixth of twelve children. See moreAfter graduation from Yale in 1884, Veblen was essentially unemployed for seven years. Despite having strong letters of recommendation, he was unable to obtain a university … See more
Institutional economics
Thorstein Veblen laid the foundation for the perspective of institutional economics with his criticism of traditional static economic theory. As much as Veblen was an economist, he was also a sociologist who rejected his … See moreVeblen is regarded as one of the co-founders of the American school of institutional economics, alongside John R. Commons See more
American pragmatism distrusted the notion of the absolute, and instead recognized the notion of free will. Rather than God's divine intervention taking control of the happenings of the universe, pragmatism believed that people, using their free will, shape the … See more
Veblen and other American institutionalists were indebted to the German Historical School, especially Gustav von Schmoller, for the emphasis on historical fact, their empiricism and … See more
Published books
• 1899. The Theory of the Leisure Class. New York: MacMillan. Available at the Internet Archive and Project Gutenberg.
• 1904. The Theory of Business Enterprise. New York: Charles Scribner's Sons. See moreWikipedia text under CC-BY-SA license Local results for thorstein veblen wikipedia
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