Definitions for Thorstein Veblen
thorstein veblen

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Veblen, Thorstein Veblen, Thorstein Bunde Veblennoun

   United States economist who wrote about conspicuous consumption (1857-1929)

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1. Thorstein Veblen

   Thorstein Bunde Veblen (July 30, 1857 – August 3, 1929) was a Norwegian-American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism. In his best-known book, The Theory of the Leisure Class (1899), Veblen coined the concepts of conspicuous consumption and conspicuous leisure. Historians of economics regard Veblen as the founding father of the institutional economics school. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy. As a leading intellectual of the Progressive Era in the US, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced economists who engaged in non-Marxist critiques of fascism, capitalism, and of technological determinism.

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1. thorstein veblen

   Thorstein Veblen was an American economist and sociologist, known for his innovative theories on economic and social institutions. Born in 1857 and died in 1929, he is best recognized for his concept of 'conspicuous consumption' - the practice of buying goods to display wealth and social status rather than from their practical value. His most famous work is "The Theory of the Leisure Class" published in 1899. Veblen's ideas formed a key part of the institutional economics movement and continue to influence sociological and economic thinking.

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1. Thorstein Veblen

   Thorstein Bunde Veblen was an American economist and sociologist, and leader of the institutional economics movement. Besides his technical work he was a popular and witty critic of capitalism, as shown by his best known book The Theory of the Leisure Class. Veblen is famous in the history of economic thought for combining a Darwinian evolutionary perspective with his new institutionalist approach to economic analysis. He combined sociology with economics in his masterpiece The Theory of the Leisure Class where he argued that there was a fundamental split in society between those who make their way via exploitation and those who make their way via industry. In early barbarian society this is the difference between the hunter and the gatherer in the tribe, but as society matures it is the difference between the landed gentry and the indentured servant. The titular manifestation of those with the power of exploit is the "leisure class" which is defined by its lack of productive economic activity and its commitment to demonstrations of idleness. As Veblen describes it, as societies mature, conspicuous leisure gives way to "conspicuous consumption", but both are performed for the sole purpose of making an invidious distinction based on pecuniary strength, the demonstration of wealth being the basis for social status.

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1. thorstein veblen

   Quotes by thorstein veblen -- Explore a large variety of famous quotes made by thorstein veblen on the Quotes.net website.

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1. • Economist

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Numerology

1. Chaldean Numerology

   The numerical value of Thorstein Veblen in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of Thorstein Veblen in Pythagorean Numerology is: 8

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Thorstein Veblen
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Thorstein_Veblen
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Thorstein Veblen