Thorstein Veblen

✶July 30, 1857

†August 3, 1929

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About their life

Thorstein Bunde Veblen was an 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. 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.

American economist and sociologist (1857–1929)

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Biography from the article Thorstein Veblen on the English Wikipedia, available under CC BY-SA 4.0.