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 thriftiness 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 sevener years at rude(a) York metropoliss New School for Social Research. He was illustrious for his significant outline of our economic system and, by beat Blaug, for his mastery of the contrivance of satire.
# Veblen went against the modern economic beliefs of his day. He identify a hassle in our society that approximately did not. He noticed that the industrialists increase production of goods by hiring engineers to improve efficiency. This, in turn, drove prices knock down and lash profits, so the industry captains cut production to exempt profits. Ideas like this were prevalent in most of his writings ...If you unavoidableness to get a full essay, roam it on our website:
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