Thorstein Veblen: “Conspicuous Consumption”

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Thorstein Veblen:“Conspicuous Consumption”
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Abstract

Thorstein Veblen was an American economist of Norwegian descent. He studied at Yale and Cornell Universities and then taught at the University of Chicago, Stanford, and the University of Missouri. He was not a successful academic; his grumpy disposition did not endear him to his colleagues. Adultery brought an end to his first teaching job at Chicago. More important, his antibusiness ideology was not popular in an economics profession that venerated capitalists and capitalism.

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