This scarce text contains a collection of writing by the seminal sociologist, Thorstein Bunde Veblen. Veblen was most famous for combining Darwinian evolutionary ideas with his avant-garde institutionalist approach to contemporary economic analysis, culminating in his masterpiece: The Theory of the Leisure Class (1899). In The Theory of the Leisure Class, Veblen proposes that there is a social dichotomy between people who progress through life by way of exploitation and those who progress by way of industry - ideas seminal to modern socio-economic theory today. Thorstein Bunde Veblen was an…mehr
This scarce text contains a collection of writing by the seminal sociologist, Thorstein Bunde Veblen. Veblen was most famous for combining Darwinian evolutionary ideas with his avant-garde institutionalist approach to contemporary economic analysis, culminating in his masterpiece: The Theory of the Leisure Class (1899). In The Theory of the Leisure Class, Veblen proposes that there is a social dichotomy between people who progress through life by way of exploitation and those who progress by way of industry - ideas seminal to modern socio-economic theory today. Thorstein Bunde Veblen was an American economist and sociologist, as well as leader of the institutional economics movement. Originally published in 1936, we are proud to republish this rare book with a new introductory biography of the author.
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.
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