Thorstein Veblen
1857 – 1929 · aged 72
American economist and sociologist (1857–1929)
- Born
- 30 Jul 1857 · Cato
- Died
- 3 Aug 1929 · Menlo Park
Life timeline
Their life from birth to death. On the timeline, world events of the time are shown faintly.
- 30 Jul 1857BornBorn in Cato
- 1884AwardJohn Addison Porter Prize
- 3 Aug 1929DiedDied in Menlo Park
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Meanwhile in the world
Major world events during their lifetime (1857 – 1929).
- 1857 – 1858Indian Rebellion of 1857
- 1870 – 1871Franco-Prussian War
- 18961896 Summer Olympics
- 1898Spanish–American War
- 1904 – 1905Russo-Japanese War
- 1914 – 1918World War I
- 1915 – 1923Armenian genocide
- 1917Balfour Declaration
- 1917February Revolution
- 1917October Revolution
- 1917 – 1922Russian Civil War
- 1919 – 1920Paris Peace Conference
- 1920Treaty of Versailles
Biography
Thorstein Bunde Veblen ( THOR-styn VEH-blən; July 30, 1857 – August 3, 1929) 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.
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.
Text from the Wikipedia article Thorstein Veblen, CC BY-SA 4.0
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