Vested Interests

Vested Interests

by Thorstein Veblen
2/5

Veblen's classic position on social status is intertwined with his interest in economic class and the political prospects of that class.

The Vested Interests is squarely in that tradition.

It aims to show how and why a discrepancy has arisen betw.

First published
2018
Publishers
Taylor & Francis Group

Thorstein Veblen

About Thorstein Veblen

Thorstein (born 'Torsten') Bunde Veblen was a Norwegian-American economist and sociologist. He was famous as a witty critic of capitalism.Veblen is famous for the idea of "conspicuous consumption". Conspicuous consumption, along with "conspicuous leisure", is performed to demonstrate wealth or mark social status. Veblen explains the concept in his best-known book, The Theory of the Leisure Class (1899). Within the history of economic thought, Veblen is considered the leader of the institutional economics movement. Veblen's distinction between "institutions" and "technology" is still called the Veblenian dichotomy by contemporary economists.As a leading intellectual of the Progressive Era, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced the socialist thinkers who sought a non-Marxist critique of capitalism....

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