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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 .
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Sep 29, 2022 · Thorstein Veblen was an economist noted for his contributions to the development of American institutionalist economics. Veblen is best known for developing the concept of conspicuous...
In The Theory of the Leisure Class, Veblen used idiosyncratic and satirical language to identify, describe, and explain the consumerist mores of American modern society in the 19th century; thus, about the impracticality of etiquette as a form of conspicuous leisure, Veblen said:
- Thorstein Veblen
- 1899
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.
Jun 29, 2015 · Veblen believed human beings manifest a complex and changing confluence of contradictory instincts and habits. These underpin human industriousness, creativity, and altruism as well as proclivities toward predation, power, aggression, and conflict.
Veblen argued that the application of business standards to measure the success or failure of academic inquiry was smothering higher education and turning universities into little more than advanced technical schools.
Veblen argued that conspicuous leisure had extremely deep historical roots reaching back into prehistory, and that it "evolved" into different forms as time passed. One example he gave was how, during the Middle Ages , the nobility was exempted from manual labor, which was reserved for serfs .
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