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    Thorstein Veblen

    American economist and sociologist (1857–1929)

    Thorstein Veblen

    Born

    Thorstein Bunde Veblen


    (1857-07-30)July 30, 1857

    Cato, Wisconsin, U.S.

    DiedAugust 3, 1929(1929-08-03) (aged 72)

    Menlo Park, California, U.S.

    FieldEconomics, socioeconomics
    Institutions
    School or
    tradition    		Institutional economics
    Alma mater
    InfluencesHerbert Spencer, Thomas Paine, William Graham Sumner, Lester F.

    Ward, William James, Georges Vacher de Lapouge, Edward Bellamy, John Dewey, Gustav von Schmoller, John Bates Clark, Henri de Saint-Simon, Charles Fourier

    ContributionsConspicuous consumption, conspicuous leisure, trained incapacity, Veblenian dichotomy

    Thorstein Bunde Veblen (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 o