Thorstein Veblen
At a glance:
- Series: Dictionary of World Biography: Twentieth Century
- Categories: Social Issues, Reform, and Protest, Economics
- Subcategories: Authors, Writers, Business, Trade, Commerce, Sociology, Sociologists, Class Conflict
- Curriculum: American History 1901-1950, American History 1878-1900
Article abstract: Rejecting the classical view of economics as governed by “laws” of supply and demand, Veblen conceived a system in which production and distribution of goods would be controlled by engineers, foreshadowing a “technocracy.”
Early Life
Thorstein Bunde Veblen was born July 30, 1857, on an eighty-acre farm in Cato Township, Manitowoc County, Wisconsin. His father, Thomas Anderson Veblen, and his mother, Kari Bunde Veblen, immigrated to the United States from Norway in 1847. The sixth of twelve children, Veblen was named for his...
[The entire page is 2153 words long]
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