Journal of Economic Issues, September 1st, 2004
All that the possessor of the luxury desires, is, to have a means of showing that he has acquired the command of a certain amount of the exertions of other men.
--John Rae, Statement of Some New Principles on the Subject of Political Economy
Rae's "Accumulation"
Many of Thorstein Veblen's ideas in The Theory of the Leisure Class ([1899] 1998) are found in John Rae's Statement of Some New Principles on the Subject of Political Economy: Exposing the Fallacies of the System of Free Trade, and of Some Other Doctrines Maintained in the "Wealth of Nations" ([1834] 1964). Rae was born near Aberd...
HighBeam Research, Free Preview: 'John Rae and Thorstein Veblen.(economists)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
