Veblen, Thorstein [Bunde]
Veblen, Thorstein [Bunde]( 1857–1929),born of Norwegian immigrant parents in Wisconsin, studied at Carleton College, Johns Hopkins, and Yale (Ph.D., 1884), and taught at the University of Chicago (1892). In 1899 he published The Theory of the Leisure Class, a merciless attack on the commercial values of the monied class, which was received with hostility by the academic world, but at once secured the author a solid place as an economist and writer. The Theory of Business Enterprise (1904) is a more direct analysis of business and the price system. Veblen taught at Stanford University (1906–9), the University of Missouri (1911–18), and The New School for Social Research. The Instinct of Workmanship (1914) established his leadership of the institutional school of economics, and contended that the instinct of workmanship, deeply ingrained in man since his days of savagery, has been thwarted throughout history by predatory and...
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