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The Theory of the Leisure Class

An Economic Study of Institutions

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Focusing on the interplay between economics and human culture, Thorstein Veblen critiques the modern industrial system in his influential work. He contrasts the diligence required by industry with the self-serving motives of businessmen, introducing the concept of "conspicuous consumption" to illustrate their obsession with wealth display. By applying Darwinian principles to economic behavior, Veblen explores the psychological underpinnings of American social and economic institutions, establishing the groundwork for institutional economics.

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The Theory of the Leisure Class, Thorstein Veblen

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Released
1998
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Subtitle
An Economic Study of Institutions
Language
English
Publisher
Prometheus
Released
1998
Format
Paperback
Pages
422
ISBN13
9781573922197
Series
Original title
The theory of the leisure class
Rating
3.8 out of 5
Description
Focusing on the interplay between economics and human culture, Thorstein Veblen critiques the modern industrial system in his influential work. He contrasts the diligence required by industry with the self-serving motives of businessmen, introducing the concept of "conspicuous consumption" to illustrate their obsession with wealth display. By applying Darwinian principles to economic behavior, Veblen explores the psychological underpinnings of American social and economic institutions, establishing the groundwork for institutional economics.