In his best-known book, The Theory of the Leisure Class (1899), Veblen coined the concepts of conspicuous consumption and conspicuous leisure. Veblen laid the foundation for the perspective of institutional economics. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy.
Leben und Werk
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 technological determinism.
Wichtige Fakten
- Born: July 30, 1857 in Cato, Wisconsin, U.S.
- Gestorben: 1929
Vermächtnis und Wirkung
The influence of Thorstein Veblen extends far beyond his own lifetime. He fundamentally shaped human knowledge and progress, and his achievements and contributions remain foundational to this day.
Though he passed away in 1929, his ideas continue to be studied, debated, and built upon by scholars and practitioners worldwide.
Thorstein Veblen bleibt eine der gefeiertsten Persönlichkeiten aus United States und ein Zeugnis des reichen geistigen Erbes der Region.
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