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Thorstein Bunde Veblen (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 .
Sep 29, 2022 · Learn about Thorstein Veblen, an economist and sociologist who coined the term "conspicuous consumption" and founded institutional economics. Explore his life, career, and key concepts such as Veblen goods, pecuniary emulation, and conspicuous leisure.
Thorstein Veblen (born July 30, 1857, Manitowoc county, Wisconsin, U.S.—died Aug. 3, 1929, near Menlo Park, California) was an American economist and social scientist who sought to apply an evolutionary, dynamic approach to the study of economic institutions.
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The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social ...
- Thorstein Veblen
- 1899
Jun 29, 2015 · A comprehensive overview of the life and work of Thorstein Veblen, a pioneer of institutional economics and a critic of industrial capitalism. Learn about his biography, major books and essays, evolutionary theory, and influence on modern social and economic thought.
Thorstein Veblen, (born July 30, 1857, Manitowoc county, Wis., U.S.—died Aug. 3, 1929, near Menlo Park, Calif.), U.S. economist. He grew up in Minnesota and earned a Ph.D. in philosophy from Yale University.
Veblen is best known for his book The Theory of the Leisure Class, which introduced the term “conspicuous consumption” (referring to consumption undertaken to make a statement to others about one’s class or accomplishments). This term, more than any other, is what Veblen is known for.
