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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