The Theory of the Leisure Class : An Economic Study of Institutions
Book Details
Format
Paperback / Softback
Book Series
Great Minds Series
ISBN-10
1573922196
ISBN-13
9781573922197
Publisher
Prometheus Books
Imprint
Prometheus Books
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 1st, 1998
Print length
404 Pages
Weight
484 grams
Dimensions
21.20 x 13.80 x 1.90 cms
Product Classification:
History of Western philosophySocial classes
Ksh 3,450.00
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Argues that economics is essentially a study of the economic aspects of human culture, which are in a constant state of flux. This book argues that while industry itself demanded diligence, efficiency, and co-operation, businessmen in opposition to engineers and industrialists were only interested in making money and displaying their wealth.
Thorstein Veblen (1857-1929), the controversial American economist and social critic, argues that economics is essentially a study of the economic aspects of human culture, which are in a constant state of flux. In his best-known work, The Theory of the Leisure Class (1899), Veblen appropriated Darwin''s theory of evolution to analyze the modern industrial system.While industry itself demanded diligence, efficiency, and cooperation, businessmen in opposition to engineers and industrialists were only interested in making money and displaying their wealth in what Veblen coined "conspicuous consumption." Veblen''s keen analysis of the psychological bases of American social and economic institutions laid the foundation for the school of institutional economics.
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