Thorstein Veblen (1857-1929) was a Norwegian American economist and sociologist. He was famous as a witty critic of capitalism and for his creation of the idea of "conspicuous consumption." Veblen was a leading intellectual of the Progressive Era, and within the history of economic thought, he is considered the leader of the institutional economics movement.
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Originally published by the Norwegian-American economist Thorstein Veblen while he was a professor at the University of Chicago in 1898, the Theory of the Leisure Class is considered one of the great works of economics as well as the first detailed critiq... SEE MORE