Routledge Dictionary of Economics, Second Edition
Veblen, Thorstein Bunde, 1857–1929 (B3)
A leading US INSTITUTIONALIST ECONOMIST, famous for his analysis of CONSPICUOUS CONSUMPTION. He was educated at Carleton College and Yale University, subsequently teaching economics at Chicago, Stanford, Missouri and New York.
Inspired by a Darwinian evolutionary approach to the social sciences, he took a multidisciplinary view of economics, linking it to anthropology and sociology His biting analysis of modern industrialism in The Theory of the Leisure Class (1899), The Theory of Business Enterprise (1904), The Higher Learning in America (1918) and Absentee Ownership (1923) provided a non-Marxist critique of contemporary CAPITALISM. In some senses he was an inspiration for GALBRAITH.
References
Diggins, J.P. (1978) The Bard of Savagery: Thorstein Veblen and Modern Social Theory, Brighton: Harvester Press.
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