By clicking “Accept,” you agree to the use of cookies and similar technologies on your device as set forth in our Cookie Policy and our Privacy Policy. Please note that certain cookies are essential for this website to function properly and do not require user consent to be deployed.

Thorstein Veblen

About the Author

Thorstein Veblen (1857-1929) was a U.S. economist whose criticisms of American capitalism and businesses combined Darwinian evolutionary theory with broad sociological principles.  The result, known as institutional economics, was extremely influential at the time of the Great Depression. He wrote the classic critique of capitalism The Theory of the Leisure Class.