Thorstein Veblen

Thorstein Veblen (1857-1929) was a Norwegian American economist and sociologist. He was famous as a witty critic of capitalism and for his creation of the idea of conspicuous consumption. Veblen was a leading intellectual of the Progressive Era, and within the history of economic thought, he is considered the leader of the institutional economics movement.

Thorstein Veblen (1857-1929) was a Norwegian American economist and sociologist. He was famous as a witty critic of capitalism and for his creation of the idea of conspicuous consumption. Veblen was a leading intellectual of the Progressive Era, and within the history of economic thought, he is considered the leader of the institutional economics movement. See less