Thorstein Bunde Veblen 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 , Veblen coined the concepts of conspicuous consumption and conspicuous leisure. Historians of economics regard Veblen as the founding father of the institutional economics school. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy.
Source: Wikipedia
Liberal arts college in Northfield, Minnesota
Public research university in Columbia, Missouri, USA
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Private research university located in Stanford, California, United States
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