This section contains 1,062 words (approx. 4 pages at 300 words per page) |
Economist, sociologist, and a founder of institutional economics, Thorstein Bunde Veblen (1857–1929) was born in Manitowoc County, Wisconsin, on July 30. He studied under the economist John Bates Clark at Carleton College in Minnesota, then at Johns Hopkins University before earning his doctorate in philosophy at Yale University in 1884. After a career of teaching at the University of Chicago, Stanford University, the University of Missouri, and the New School for Social Research, he died near Menlo Park, California, on August 3.
Veblen was an iconoclast. During the early twentieth century he was the foremost critic of the business establishment and its effects on culture and society. He alienated other academics by challenging their acquiescence to business interests. He was a prolific writer whose most famous work earned both popular success and intense academic scrutiny.
As one of the first institutional economists, Veblen's writings were often diametrically opposed to classical...
This section contains 1,062 words (approx. 4 pages at 300 words per page) |