The Socialist Economics of Karl Marx and His Followers - Veblen, Thorstein
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There is no system of economic theory more logical than that of Marx. "The Socialist Economics of Karl Marx and His Followers" is a two parts essay giving a historical overview on Karl Marx's theories on socialism and the Marxism later developed by his followers. Also included in this volume is "Some Neglected Points in the Theory of Socialism", a bold essay linking the popularity of socialism with the decrease in relative wealth, and selected book reviews by Veblen. Thorstein Veblen was an American economist and social scientist who made important contributions to the study of economic…mehr

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Produktbeschreibung
There is no system of economic theory more logical than that of Marx. "The Socialist Economics of Karl Marx and His Followers" is a two parts essay giving a historical overview on Karl Marx's theories on socialism and the Marxism later developed by his followers. Also included in this volume is "Some Neglected Points in the Theory of Socialism", a bold essay linking the popularity of socialism with the decrease in relative wealth, and selected book reviews by Veblen. Thorstein Veblen was an American economist and social scientist who made important contributions to the study of economic institutions and the study of social class. He is best known for his book The Theory of the Leisure Class which introduced the term "conspicuous consumption".
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Autorenporträt
Thorstein Bunde Veblen (July 30, 1857 - August 3, 1929) was an influential American economist and sociologist, renowned for his critical analysis of capitalism and his contributions to institutional economics. Veblen's most famous work, The Theory of the Leisure Class (1899), introduced the concepts of "conspicuous consumption" and "conspicuous leisure," which critique the extravagant display of wealth and status by the upper class. His work examined how the wealthy class's consumption patterns are driven by the desire to show social superiority rather than for practical use, and he argued that this behavior leads to societal inefficiency and waste. Veblen's theories also laid the groundwork for the institutional economics perspective, emphasizing the role of institutions, such as laws, customs, and social structures, in shaping economic behavior. He distinguished between "institutions" and "technology," a framework known as the Veblenian dichotomy, which remains influential in contemporary economic thought. Veblen's critiques of capitalism, alongside his focus on the broader societal context in which economic activities occur, have made him a significant figure in the field of economics and sociology.