Thorstein Veblen: Short Bio & Economic Theories & Ideas Thorstein Bunde Veblen (1857-1929) was born in Cato, Wisconsin. He tended to(p) Carleton College, as well as the universities of John Hopkins, Yale, and Cornell. He taught governmental miserliness and economics from 1892 to 1918 at the University of Chicago, Stanford University, and the University of Misssouri. He retired in 1926 after(prenominal) working for sevensome years at new-sprung(prenominal) York metropoliss New School for Social Research. He was illustrious for his significant abridgment of our economic system and, by beat Blaug, for his mastery of the artistry of satire.
# Veblen went against the modern economic beliefs of his day. He identify a trouble in our society that approximately did not. He noticed that the industrialists change magnitude production of goods by hiring engineers to improve efficiency. This, in turn, drove prices waste and lash profits, so the industry captains cut production to hand over profits. Ideas like this were prevalent in most of his writings ...If you neediness to get a full essay, roam it on our website:
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