Thorstein Veblen
Thorstein Veblen (1857 – 1929) was an American economist and sociologist best known for his critique of capitalism and the concept of 'conspicuous consumption.' A prominent figure in institutional economics, he argued that social and cultural factors heavily influence economic behavior. His work laid the foundation for the institutional economics school, which emphasizes the role of institutions in shaping economic outcomes. Veblen's notable theories and writings, including 'The Theory of the Leisure Class,' continue to influence economic thought and social sciences today.
Born on Jul 30, 1857 (168 years old)
Global Media Ratings
Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| Dominican Republic | 1 | 7.00 | 0.17% | +0% | 10,847,910 | 18,965 | $89,000 | 156$ |
| Totals | 1 | 10,847,910 | 18,965 | $89,000 | 156$ |
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Each country's color is based on "Mentions" from the table above.
Recent Mentions
Dominican Republic:
Thorstein Veblen introduced the concept of conspicuous consumption, which describes spending aimed at displaying status rather than satisfying real needs.
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New Zealand:
Thorstein Veblen coined the term conspicuous consumption to describe spending driven by status rather than usefulness.
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Dominican Republic:
Thorstein Veblen's theory of the leisure class warns about ostentatious consumption.
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Switzerland:
Thorstein Veblen's theory explains the persistence of class competition.
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Switzerland:
Thorstein Veblen identified travel as a form of 'demonstrative consumption'.
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Slovakia:
Thorstein Veblen is the founder of institutional economics.
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