Foreign thinker
Thorstein Veblen
Thorstein VeblenInstitutional Economics and Economic SociologyAmerican1857–1929
The conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.
Life and Thought
Thorstein Veblen was an American economist and sociologist and one of the founders of institutional economics. His fame rests above all on his book *The Theory of the Leisure Class*, in which he employed concepts such as "conspicuous consumption" and "conspicuous leisure" to critique capitalist culture and class-based status-seeking. With an ironic, critical, and evolutionary gaze, Veblen analyzed the nexus of economics, social institutions, technology, and cultural habits.
Sedanet articles about Thorstein Veblen
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